Guideline Value

Corporate

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

₹2800/sq.ft.

The guideline value for T.v.s.nagar "nethaji Street" in Padi village (Villivakkam SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 4% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹850 /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.nagar "nethaji Street"

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

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

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

The guideline value for T.V.S.Nagar "nethaji Street" has undergone 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. However, it saw a decrease to Rs 1,809 per sq.ft in 2017. The value then rose to Rs 2,700 per sq.ft in 2023, before reaching the current figure of Rs 2,800 per sq.ft in 2024. Notably, the register has no figures for this street in 2002 and 2003.

From 2017 to 2023, there was a substantial increase of 49%, while the value decreased by 33% from 2012 to 2017. The rise from 2007 to 2012 was remarkable at 218%. 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, with a median value of Rs 3,800 per sq.ft. The guideline value for T.V.S.Nagar "nethaji Street" is below this median.

Stamp duty and registration fee for property in T.V.S.Nagar "nethaji 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, bringing the total fees to Rs 2,52,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The T.V.S.Nagar "nethaji Street" falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, click here.

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

The guideline value plays a crucial role during the registration of property transactions in Padi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these fees are based on the established value of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers and sellers must consider this value to ensure compliance with the registration requirements set by the Villivakkam SRO.

Frequently asked questions

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

The current guideline value for T.V.S.Nagar "nethaji 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 significantly from Rs 850 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 229% over this period.

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

T.V.S.Nagar "nethaji Street" is classified as Residential Class IV Type - III.

What are the stamp duty and registration fees for property in T.V.S.Nagar "nethaji Street"?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Where can I find the Sub Registrar Office for T.V.S.Nagar "nethaji Street"?

The Villivakkam Sub Registrar Office, which covers T.V.S.Nagar "nethaji Street", is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.