Guideline Value

Corporate

Guideline Value for T.V.S.COLONY 56th STREET

₹8700/sq.ft.

The guideline value for T.v.s.colony 56th 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 56th Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

T.V.S.COLONY 56th STREET guideline value

The current guideline value of T.V.S.COLONY 56th 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 56th STREET has changed

The guideline value of T.V.S.COLONY 56th STREET has seen 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 then decreased to Rs 5,360 per sq.ft in 2017. The value rose again to Rs 8,000 per sq.ft in 2023, and currently stands at Rs 8,700 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 is a further 9%. Overall, from 2007 to 2024, the guideline value has increased by 194%.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, and T.V.S.COLONY 56th STREET's 2024 figure is above that median.

Stamp duty and registration fee for property in T.V.S.COLONY 56th STREET

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.V.S.COLONY 56th STREET?

The T.V.S.COLONY 56th STREET falls under 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 is a crucial factor during property registration in Padi. It serves as a benchmark for determining the stamp duty and registration fees that buyers need to pay when purchasing property. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of T.V.S.COLONY 56th STREET?

The current guideline value of T.V.S.COLONY 56th 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 of T.V.S.COLONY 56th STREET?

T.V.S.COLONY 56th STREET is classified as Residential Special Type - III.

What is the stamp duty rate for property transactions in T.V.S.COLONY 56th STREET?

The stamp duty rate for property transactions in T.V.S.COLONY 56th STREET is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for T.V.S.COLONY 56th STREET?

The Sub Registrar Office covering T.V.S.COLONY 56th STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.