Guideline Value for T.V.S.COLONY 46th STREET

T.V.S.COLONY 46th STREET guideline value

The current guideline value of T.V.S.COLONY 46th 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 46th STREET has changed

Since the 2007 revision, the guideline value for T.V.S.COLONY 46th STREET has seen significant changes. In 2007, the value was Rs 2,960 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012. However, it dropped to Rs 5,360 per sq.ft in 2017, before rising to Rs 8,000 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 8,700 per sq.ft.

Between the revisions, the changes were as follows: from 2007 to 2012, there was a +170% increase; from 2012 to 2017, a -33% decrease; from 2017 to 2023, a +49% increase; and from 2023 to 2024, a +9% increase. The overall change from 2007 to 2024 is +194%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft, with a median value of Rs 3,800 per sq.ft. T.V.S.COLONY 46th STREET's 2024 guideline value is above this median.

• T.V.S.COLONY 45th 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 44th STREET: Rs 8,700 per sq.ft (2024)
• T.V.S.COLONY 48th 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 49th STREET: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.S.COLONY 46th STREET

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

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

Which Sub Registrar Office covers T.V.S.COLONY 46th STREET?

The Sub Registrar Office that covers T.V.S.COLONY 46th STREET is 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 details.

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

The guideline value is a crucial factor 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 during the transaction.

Buyers and sellers should be aware that the guideline value is set by the government and reflects the minimum value for property transactions in the area. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of T.V.S.COLONY 46th STREET?

The current guideline value of T.V.S.COLONY 46th 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, with various increases and decreases in between.

What is the land classification for T.V.S.COLONY 46th STREET?

T.V.S.COLONY 46th STREET is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

Where can I find the Villivakkam Sub Registrar Office?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 87,00,000, the stamp duty would be Rs 6,09,000 at a rate of 7%.