Guideline Value

Corporate

Guideline Value for T.V.S.COLONY 54th STREET

₹8700/sq.ft.

The guideline value for T.v.s.colony 54th 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 54th Street

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T.V.S.COLONY 54th STREET guideline value

The current guideline value of T.V.S.COLONY 54th 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 54th STREET has changed

Over the years, the guideline value for T.V.S.COLONY 54th 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, this was followed by a decrease to Rs 5,360 per sq.ft in 2017. In the subsequent revisions, the value rose to Rs 8,000 per sq.ft in 2023 and has now reached Rs 8,700 per sq.ft in 2024, reflecting a 9% increase from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the increase was 49%, while the jump from 2012 to 2017 was a decrease of 33%. The substantial rise from 2007 to 2012 was 170%. Overall, comparing the figures from 2007 to 2024, there has been an increase of 194% in the guideline value per sq.ft.

Guideline values in Padi

In Padi village, the guideline values range from Rs 2,200 to Rs 13,200 per sq.ft, with a median value of Rs 3,800 per sq.ft. The guideline value for T.V.S.COLONY 54th STREET is above this median, indicating a higher valuation within the locality.

Stamp duty and registration fee for property in T.V.S.COLONY 54th 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, bringing the total cost for these fees to Rs 7,83,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for a more tailored estimate based on your specific property details.

Which Sub Registrar Office covers T.V.S.COLONY 54th STREET?

The T.V.S.COLONY 54th STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more details, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Padi. It serves as a benchmark for determining the minimum value of a property, ensuring that the sale price is in line with local market standards. At the time of registration, the guideline value is used to calculate applicable stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations involved in the transaction. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of T.V.S.COLONY 54th STREET?

The current guideline value of T.V.S.COLONY 54th 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 54th STREET?

T.V.S.COLONY 54th STREET is classified as Residential Special Type - III, indicating its designated use within the locality.

Where can I find the Sub Registrar Office for T.V.S.COLONY 54th STREET?

The Sub Registrar Office covering T.V.S.COLONY 54th STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in T.V.S.COLONY 54th STREET?

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