Guideline Value

Corporate

Guideline Value for T.V.S.COLONY 47th STREET

₹8700/sq.ft.

The guideline value for T.v.s.colony 47th Street in Padi village (Villivakkam SRO, Chennai zone) is Rs 8700 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹8700 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2960 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on T.v.s.colony 47th Street

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T.V.S.COLONY 47th STREET guideline value

The current guideline value for T.V.S.COLONY 47th 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 47th STREET has changed

Over the years, the guideline value for T.V.S.COLONY 47th STREET has seen several revisions. The 2007 revision set the value at Rs 2,960 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 5,360 per sq.ft. The following revisions saw a rise, with the 2017 figure at Rs 8,000 per sq.ft, and then a substantial increase to Rs 8,000 per sq.ft in 2023. The current value is Rs 8,700 per sq.ft as of the 2024 revision.

From 2017 to 2023, the value increased by 49%. The jump from 2023 to 2024 represents a 9% increase. Overall, from the 2007 revision to the 2024 revision, there has been a remarkable increase of 194%. 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 47th STREET's 2024 guideline value is above this median.

Stamp duty and registration fee for property in T.V.S.COLONY 47th 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 be Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, making the total charges Rs 7,83,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers T.V.S.COLONY 47th STREET?

The Sub Registrar Office that covers T.V.S.COLONY 47th 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Padi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared with the sale price. If the sale price exceeds the guideline value, the stamp duty is calculated on the higher amount, ensuring that all transactions are fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value of T.V.S.COLONY 47th STREET?

The current guideline value of T.V.S.COLONY 47th 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 from Rs 2,960 per sq.ft in 2007 to Rs 8,700 per sq.ft in 2024, reflecting an overall increase of 194% over the years.

What is the land classification for T.V.S.COLONY 47th STREET?

T.V.S.COLONY 47th STREET is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total charges would be Rs 7,83,000.

Which office handles the registration for T.V.S.COLONY 47th STREET?

The Villivakkam Sub Registrar Office handles the registration for T.V.S.COLONY 47th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.