Guideline Value

Corporate

Guideline Value for T.V.S.COLONY 55th STREET

₹8700/sq.ft.

The guideline value for T.v.s.colony 55th 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 55th Street

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T.V.S.COLONY 55th STREET guideline value

The current guideline value of T.V.S.COLONY 55th 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 55th STREET has changed

The guideline value for T.V.S.COLONY 55th STREET has undergone several revisions over the years. In 2007, the value was Rs 2,960 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012. However, it dropped to Rs 5,360 per sq.ft in 2017 before rising again to Rs 8,000 per sq.ft in 2023, and finally reaching Rs 8,700 per sq.ft in the 2024 revision. The changes between these revisions are notable: from 2007 to 2012, there was a 170% increase, followed by a 33% decrease from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and by 9% from 2023 to 2024.

The register has no figures for T.V.S.COLONY 55th STREET for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 194%.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO, with 2024 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, placing T.V.S.COLONY 55th STREET's 2024 figure above that median.

Stamp duty and registration fee for property in T.V.S.COLONY 55th 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, bringing the total to 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 55th STREET?

The Sub Registrar Office that covers T.V.S.COLONY 55th 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 reference for property transactions in Padi, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees based on the property's value.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost involved in property transactions. Accurate knowledge of the guideline value ensures compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of T.V.S.COLONY 55th STREET?

The current guideline value of T.V.S.COLONY 55th 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 this period.

What is the median guideline value in Padi?

The median guideline value in Padi is Rs 3,800 per sq.ft, indicating that T.V.S.COLONY 55th STREET's 2024 figure is above this median.

What are the stamp duty and registration fees for properties in T.V.S.COLONY 55th STREET?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 7,83,000.

Which office handles registrations for T.V.S.COLONY 55th STREET?

The Villivakkam Sub Registrar Office handles registrations for T.V.S.COLONY 55th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.