Guideline Value for T.V.S.NAGAR "APPAR STREET"

T.V.S.Nagar "appar Street" guideline value

The current guideline value for T.V.S.Nagar "appar Street" is Rs 2,800 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 Class IV Type - III.

How the guideline value of T.V.S.Nagar "appar Street" has changed

The guideline value for T.V.S.Nagar "appar Street" has seen several revisions over the years. In 2007, the value was Rs 850 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in 2012, marking a 218% rise. However, it dropped to Rs 1,809 per sq.ft in 2017, a decrease of 33% from the previous revision. The value then surged to Rs 2,700 per sq.ft in 2023, and it has now reached Rs 2,800 per sq.ft in the 2024 revision, reflecting a 4% increase.

The revisions for the years 2002 and 2003 do not have any figures for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 229%.

Guideline values in Padi

In Padi village, 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.Nagar "appar Street" below this median.

• T.V.S.NAGAR 9th STREET: Rs 2,800 per sq.ft (2024)
• T.V.S.Nagar "eswaran Koil Street": Rs 2,800 per sq.ft (2024)
• T.V.S.NAGAR 7th STREET: Rs 2,800 per sq.ft (2024)
• T.V.S.NAGAR 6th STREET/ 6th Cross Street: Rs 2,800 per sq.ft (2024)
• T.V.S.NAGAR 5th STREET: Rs 2,800 per sq.ft (2024)
• T.V.S.Nagar Main Road: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.S.Nagar "appar Street"

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total cost for these fees Rs 2,52,000. 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 information.

Which Sub Registrar Office covers T.V.S.Nagar "appar Street"?

The Sub Registrar Office that covers T.V.S.Nagar "appar 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 factor in property transactions in Padi. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. Therefore, it is essential for 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.Nagar "appar Street"?

The current guideline value of T.V.S.Nagar "appar Street" is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 229% over the years.

What is the land classification for T.V.S.Nagar "appar Street"?

The land classification for T.V.S.Nagar "appar Street" is Residential Class IV Type - III.

Where is the Sub Registrar Office located for this street?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in T.V.S.Nagar "appar Street"?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000.