Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for T.V.S.COLONY MAIN ROAD (Officer's Colony Main Road)

₹8700/sq.ft.

The guideline value for T.v.s.colony Main Road (officer's Colony Main Road) 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 Main Road (officer's Colony Main Road)

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 MAIN ROAD (Officer's Colony Main Road) guideline value

The current guideline value of T.V.S.COLONY MAIN ROAD (Officer's Colony Main Road) is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Padi village and falls under the Villivakkam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of T.V.S.COLONY MAIN ROAD (Officer's Colony Main Road) has changed

The guideline value for T.V.S.COLONY MAIN ROAD has undergone several revisions over the years. In 2007, the value was set at Rs 2,960 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012, marking a 170% rise. However, from 2012 to 2017, the value decreased to Rs 5,360 per sq.ft, a drop of 33%. The value then rose to Rs 8,000 per sq.ft in 2023, showing a 49% increase. The latest revision in 2024 has set the guideline value at Rs 8,700 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. 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 that carry 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, placing T.V.S.COLONY MAIN ROAD's 2024 figure above this median.

Stamp duty and registration fee for property in T.V.S.COLONY MAIN ROAD (Officer's Colony Main Road)

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

Which Sub Registrar Office covers T.V.S.COLONY MAIN ROAD (Officer's Colony Main Road)?

The Sub Registrar Office that covers T.V.S.COLONY MAIN ROAD is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 critical factor during property registration in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value helps ensure that the transaction is recorded at an appropriate value, reflecting the current market standards.

When you proceed with a property transaction, the guideline value will be considered alongside the sale price. This means that if the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of T.V.S.COLONY MAIN ROAD?

The current guideline value of T.V.S.COLONY MAIN ROAD (Officer's Colony Main Road) 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 significantly over the years, from Rs 2,960 per sq.ft in 2007 to Rs 8,700 per sq.ft in 2024, representing an overall increase of 194% since 2007.

What is the land classification for T.V.S.COLONY MAIN ROAD?

The land classification for T.V.S.COLONY MAIN ROAD is Residential Special Type - III, indicating its use primarily for residential purposes.

Where can I find the Sub Registrar Office for T.V.S.COLONY MAIN ROAD?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 87,00,000, the stamp duty would be Rs 6,09,000, and the registration fee would be Rs 1,74,000.