Guideline Value for T.V.S.COLONY 52nd STREET

T.V.S.COLONY 52nd STREET guideline value

The current guideline value of T.V.S.COLONY 52nd 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 52nd STREET has changed

The guideline value for T.V.S.COLONY 52nd STREET has undergone several revisions over the years. In 2007, the guideline value was Rs 2,960 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012. However, it then decreased to Rs 5,360 per sq.ft in 2017. Following this, the value rose to Rs 8,000 per sq.ft in 2023, before reaching the current value of Rs 8,700 per sq.ft in 2024, reflecting a change of +9% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by +194%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 3,800 per sq.ft, making the 2024 figure for T.V.S.COLONY 52nd STREET above this median.

• T.V.S.COLONY 51st STREET: Rs 8,700 per sq.ft (2024)
• T.V.S.COLONY 53rd STREET: Rs 8,700 per sq.ft (2024)
• T.V.S.COLONY 50th STREET: Rs 8,700 per sq.ft (2024)
• T.V.S.COLONY 54th STREET: Rs 8,700 per sq.ft (2024)
• T.V.S.COLONY 49th STREET: Rs 8,700 per sq.ft (2024)
• T.V.S.COLONY 55th STREET: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.S.COLONY 52nd 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, and the registration fee at 2% would be Rs 1,74,000, making the total 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.V.S.COLONY 52nd STREET?

The Sub Registrar Office that covers T.V.S.COLONY 52nd 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 critical factor when registering property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of T.V.S.COLONY 52nd STREET?

The current guideline value of T.V.S.COLONY 52nd 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 are the other streets in Padi with the same guideline value?

Other streets in Padi with the same guideline value of Rs 8,700 per sq.ft include T.V.S.COLONY 51st STREET, T.V.S.COLONY 53rd STREET, T.V.S.COLONY 50th STREET, T.V.S.COLONY 54th STREET, T.V.S.COLONY 49th STREET, and T.V.S.COLONY 55th STREET.

What is the stamp duty for property in T.V.S.COLONY 52nd STREET?

The stamp duty for property in T.V.S.COLONY 52nd STREET is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 87,00,000, the stamp duty would be Rs 6,09,000.

Where can I find the Sub Registrar Office for T.V.S.COLONY 52nd STREET?

The Sub Registrar Office for T.V.S.COLONY 52nd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.