Guideline Value for T.V.S.NAGAR "ESWARAN KOIL STREET"

T.V.S.Nagar "eswaran Koil Street" guideline value

The current guideline value of T.V.S.Nagar "eswaran Koil Street" is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Padi village, under the jurisdiction of the Villivakkam SRO, and is classified as Residential Class IV Type - III.

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

The guideline value for T.V.S.Nagar "eswaran Koil Street" has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 2,700 per sq.ft. This value decreased to Rs 1,809 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 2,700 per sq.ft in 2023, and further increased by 4% to Rs 2,800 per sq.ft in the 2024 revision.

In summary, the changes between the revisions are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 4%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padi

Padi village contains a total of 354 streets under the Villivakkam SRO, with the 2024 guideline values 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, indicating that T.V.S.Nagar "eswaran Koil Street" is below this median.

• T.V.S.Nagar Main Road: Rs 3,400 per sq.ft (2024)
• T.V.S.Nagar "nethaji Street": Rs 2,800 per sq.ft (2024)
• T.V.S.Nagar "appar Street": Rs 2,800 per sq.ft (2024)
• T.V.S.NAGAR 9th 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)

Stamp duty and registration fee for property in T.V.S.Nagar "eswaran Koil 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. Therefore, the total cost for stamp duty and registration fees would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers T.V.S.Nagar "eswaran Koil Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction. Buyers must be aware that these fees are calculated based on the guideline value or the actual sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers in Padi, as it affects the overall costs associated with property transactions. It is advisable to consult the latest guideline value before making any property-related decisions to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for T.V.S.Nagar "eswaran Koil Street"?

The current guideline value for T.V.S.Nagar "eswaran Koil 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 2,700 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, representing a 4% increase. It was Rs 1,809 per sq.ft in 2017 and Rs 2,700 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 28,00,000, the total fees would be Rs 2,52,000.

Which office handles registrations for T.V.S.Nagar "eswaran Koil Street"?

The Villivakkam Sub Registrar Office handles registrations for T.V.S.Nagar "eswaran Koil Street", located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

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

T.V.S.Nagar "eswaran Koil Street" is classified as Residential Class IV Type - III, indicating its intended use for residential purposes.