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Guideline Value

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Guideline Value for T.V.S.NAGAR 6th STREET/ 6th Cross Street

₹2800/sq.ft.

The guideline value for T.v.s.nagar 6th Street/ 6th Cross 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 N/A
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 6th Street/ 6th Cross Street

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T.V.S.NAGAR 6th STREET/ 6th Cross Street guideline value

The current guideline value of T.V.S.NAGAR 6th STREET/ 6th Cross 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 6th STREET/ 6th Cross Street has changed

The guideline value for T.V.S.NAGAR 6th STREET/ 6th Cross Street has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 2,700 per sq.ft, which was then reduced to Rs 1,809 per sq.ft in the 2017 revision. However, the value saw a significant increase in the 2023 revision, rising to Rs 2,700 per sq.ft, and then further increasing to Rs 2,800 per sq.ft in the 2024 revision, marking a 4% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but 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

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 guideline value for these streets is Rs 3,800 per sq.ft, placing T.V.S.NAGAR 6th STREET/ 6th Cross Street below that median.

Stamp duty and registration fee for property in T.V.S.NAGAR 6th STREET/ 6th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to 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.

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

Which Sub Registrar Office covers T.V.S.NAGAR 6th STREET/ 6th Cross Street?

The T.V.S.NAGAR 6th STREET/ 6th Cross 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 further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Padi. It is used to determine the stamp duty and registration fees that must be paid to the government. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for T.V.S.NAGAR 6th STREET/ 6th Cross Street?

The current guideline value for T.V.S.NAGAR 6th STREET/ 6th Cross 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, marking a 4% increase. It was Rs 1,809 per sq.ft in 2017 and Rs 2,700 per sq.ft in 2012, reflecting various changes throughout the years.

What is the land classification for T.V.S.NAGAR 6th STREET/ 6th Cross Street?

The land classification for T.V.S.NAGAR 6th STREET/ 6th Cross Street is Residential Class IV Type - III, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering T.V.S.NAGAR 6th STREET/ 6th Cross Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in T.V.S.NAGAR 6th STREET/ 6th Cross Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value or sale price.