Guideline Value

Corporate

Guideline Value for T.V.S.NAGAR 7th STREET

₹2800/sq.ft.

The guideline value for T.v.s.nagar 7th 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 7th Street

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T.V.S.NAGAR 7th STREET guideline value

The current guideline value of T.V.S.NAGAR 7th 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 7th STREET has changed

The guideline value for T.V.S.NAGAR 7th STREET has seen several revisions over the years. In 2007, the guideline value was Rs 850 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in 2012. However, this value decreased to Rs 1,809 per sq.ft in 2017. The 2023 revision set the value at Rs 2,700 per sq.ft, and the latest revision in 2024 has raised it to Rs 2,800 per sq.ft, reflecting a 4% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the rise from 2007 to 2012 was a substantial 218%. Overall, from 2007 to 2024, the guideline value has increased by 229%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft as of 2024. The median guideline value in this area is Rs 3,800 per sq.ft, placing T.V.S.NAGAR 7th STREET's current value below this median.

Stamp duty and registration fee for property in T.V.S.NAGAR 7th 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 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.V.S.NAGAR 7th STREET?

The Sub Registrar Office that covers T.V.S.NAGAR 7th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of T.V.S.NAGAR 7th STREET?

The current guideline value of T.V.S.NAGAR 7th 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 is the median guideline value in Padi?

The median guideline value in Padi is Rs 3,800 per sq.ft, with T.V.S.NAGAR 7th STREET's current value being below this median.

What are the stamp duty and registration fees for T.V.S.NAGAR 7th STREET?

For a 1,000 sq.ft plot at the current guideline value, the total 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 7th STREET?

The Villivakkam Sub Registrar Office handles registrations for T.V.S.NAGAR 7th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.