Guideline Value for T.V.S.COLONY 45th STREET

T.V.S.COLONY 45th STREET guideline value

The current guideline value of T.V.S.COLONY 45th STREET is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Padi village, under the Villivakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of T.V.S.COLONY 45th STREET has changed

The guideline value for T.V.S.COLONY 45th STREET has seen significant changes over the years. In 2007, the value was Rs 2,960 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012. However, it then decreased to Rs 5,360 per sq.ft in 2017. The value rose again to Rs 8,000 per sq.ft in 2023, and currently stands at Rs 8,700 per sq.ft as of the 2024 revision. Notably, the register has no figures for the years 2002 and 2003.

From 2017 to 2023, the increase was 49%, and from 2023 to 2024, there was a 9% rise. Overall, from 2007 to 2024, the guideline value has increased by 194%. The fluctuations in the values reflect the changes in the real estate landscape in the area.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, making the guideline value of T.V.S.COLONY 45th STREET above this median.

• T.V.S.COLONY 44th STREET: Rs 8,700 per sq.ft (2024)
• T.V.S.COLONY 46th STREET: Rs 8,700 per sq.ft (2024)
• T.V.S.COLONY 43rd STREET: Rs 8,700 per sq.ft (2024)
• T.V.S.COLONY 47th STREET: Rs 8,700 per sq.ft (2024)
• T.V.S.COLONY 42nd STREET: Rs 8,700 per sq.ft (2024)
• T.V.S.COLONY 48th STREET: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.S.COLONY 45th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value would be Rs 87,00,000. The stamp duty at 7% would amount to Rs 6,09,000, while the registration fee at 2% would be Rs 1,74,000. Together, the total cost for these fees would be Rs 7,83,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.V.S.COLONY 45th STREET?

The T.V.S.COLONY 45th STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Padi

The guideline value plays a crucial role in the registration process when buying or selling property in Padi. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of T.V.S.COLONY 45th STREET?

The current guideline value of T.V.S.COLONY 45th STREET is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 2,960 per sq.ft in 2007 to Rs 8,700 per sq.ft in 2024, reflecting an overall increase of 194% since 2007.

What are the other streets in Padi with similar guideline values?

Other streets in Padi, such as T.V.S.COLONY 44th STREET and T.V.S.COLONY 46th STREET, also have a guideline value of Rs 8,700 per sq.ft as of 2024.

What are the stamp duty and registration fees for properties in T.V.S.COLONY 45th STREET?

The stamp duty for a property in T.V.S.COLONY 45th STREET is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 7,83,000.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.