Guideline Value for T.V.S.NAGAR 10th STREET

T.V.S.NAGAR 10th STREET guideline value

The current guideline value of T.V.S.NAGAR 10th 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 10th STREET has changed

The guideline value for T.V.S.NAGAR 10th STREET has seen several revisions over the years. The 2007 revision recorded a value of Rs 850 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in the 2012 revision. However, this figure dropped to Rs 1,809 per sq.ft in the 2017 revision, marking a decline of 33%. The value then rose substantially to Rs 2,700 per sq.ft in 2023, before reaching the current rate of Rs 2,800 per sq.ft in the 2024 revision, reflecting a 4% increase.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 229%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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, with a median value of Rs 3,800 per sq.ft. The guideline value of T.V.S.NAGAR 10th STREET is below this median.

• T.V.S.Nagar 1st Cross Street: Rs 2,800 per sq.ft (2024)
• T.V.S.Nagar 1st STREET: Rs 2,800 per sq.ft (2024)
• T.V.S.Nagar 2nd Cross Street: Rs 2,800 per sq.ft (2024)
• T.V.S.Nagar 2nd STREET: Rs 2,800 per sq.ft (2024)
• T.V.S.Nagar 3rd STREET: Rs 2,800 per sq.ft (2024)
• T.V.S.Nagar 4th STREET: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.S.NAGAR 10th 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 cost for these fees to Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers T.V.S.NAGAR 10th STREET?

The T.V.S.NAGAR 10th STREET falls under the jurisdiction of the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 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 need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to calculate the applicable fees. This ensures that all transactions are conducted fairly and transparently, based on the established values for different areas.

Frequently asked questions

What is the current guideline value of T.V.S.NAGAR 10th STREET?

The current guideline value of T.V.S.NAGAR 10th 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 are the stamp duty and registration fees for properties in T.V.S.NAGAR 10th STREET?

For a 1,000 sq.ft property, the total guideline value is Rs 28,00,000, resulting in a stamp duty of Rs 1,96,000 and a registration fee of Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers T.V.S.NAGAR 10th STREET?

The Villivakkam Sub Registrar Office covers T.V.S.NAGAR 10th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of T.V.S.NAGAR 10th STREET?

T.V.S.NAGAR 10th STREET is classified as Residential Class IV Type - III, indicating its designation for residential use within the area.