Guideline Value for T.V.S.NAGAR 4th STREET

T.V.S.NAGAR 4th STREET guideline value

The current guideline value of T.V.S.NAGAR 4th STREET is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, classified as Residential Class IV Type - III.

How the guideline value of T.V.S.NAGAR 4th STREET has changed

The guideline value for T.V.S.NAGAR 4th 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, marking a rise of 218%. However, from 2012 to 2017, the guideline value decreased to Rs 1,809 per sq.ft, a drop of 33%. The value then saw a substantial increase of 49% to reach Rs 2,700 per sq.ft in 2023.

With the latest revision in 2024, the guideline value is now Rs 2,800 per sq.ft, reflecting a 4% increase from the previous year. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Padi

Padi village features a range of guideline values across its 354 streets under the Villivakkam SRO, with values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median value is Rs 3,800 per sq.ft, placing T.V.S.NAGAR 4th STREET's 2024 figure below this median.

• T.V.S.NAGAR 3rd 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 2nd 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 2nd Cross Street: Rs 2,800 per sq.ft (2024)
• T.V.S.NAGAR 7th STREET: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.S.NAGAR 4th STREET

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.V.S.NAGAR 4th STREET?

The T.V.S.NAGAR 4th STREET is covered by 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Padi. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable fees. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of T.V.S.NAGAR 4th STREET?

The current guideline value of T.V.S.NAGAR 4th 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, representing an overall increase of 229% over the years.

What is the median guideline value in Padi village?

The median guideline value in Padi village is Rs 3,800 per sq.ft, with T.V.S.NAGAR 4th STREET's 2024 value being below this median.

What are the stamp duty and registration fees for properties in T.V.S.NAGAR 4th 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.

Which office handles registrations for T.V.S.NAGAR 4th STREET?

The Villivakkam Sub Registrar Office handles registrations for T.V.S.NAGAR 4th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.