Guideline Value

Corporate

Guideline Value for T.V.S.NAGAR MAIN ROAD

₹3400/sq.ft.

The guideline value for T.v.s.nagar Main Road in Padi village (Villivakkam SRO, Chennai zone) is Rs 3400 per sq.ft, effective 1 July 2024. It was Rs 3100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹3400 /sq.ft.
From 1-4-2023 ₹3100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2077 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3100 /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 Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

T.V.S.Nagar Main Road guideline value

The current guideline value of T.V.S.Nagar Main Road in Padi village, under the Villivakkam SRO, is Rs 3,400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - II.

How the guideline value of T.V.S.Nagar Main Road has changed

The guideline value for T.V.S.Nagar Main Road has evolved through several revisions. In 2007, the value was Rs 850 per sq.ft, which saw a significant increase to Rs 3,100 per sq.ft in 2012, marking a rise of 265%. However, the value decreased to Rs 2,077 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 set the value at Rs 3,100 per sq.ft, which then increased by 10% to Rs 3,400 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Padi

In Padi, there are a total of 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 in this area is Rs 3,800 per sq.ft, indicating that T.V.S.Nagar Main Road's 2024 value is below this median.

Stamp duty and registration fee for property in T.V.S.Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total to Rs 3,06,000. 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 precise calculations.

Which Sub Registrar Office covers T.V.S.Nagar Main Road?

The T.V.S.Nagar Main Road is covered by 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 details.

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 determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate taxes based on this value.

When engaging in a property transaction, it is essential to be aware of the guideline value, as it influences the stamp duty and registration fees applicable to the sale. Buyers and sellers should consult the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of T.V.S.Nagar Main Road?

The current guideline value of T.V.S.Nagar Main Road is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 850 per sq.ft in 2007, increasing to Rs 3,100 in 2012, dropping to Rs 2,077 in 2017, and then rising again to Rs 3,100 in 2023 before reaching Rs 3,400 in 2024.

What is the land classification for T.V.S.Nagar Main Road?

The land classification for T.V.S.Nagar Main Road is Residential Class IV Type - II.

Where can I find the registration office for T.V.S.Nagar Main Road?

The registration office covering T.V.S.Nagar Main Road is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Padi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 at a rate of 7%.