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Guideline Value

Corporate

Guideline Value for Vattambakkam to Serappananchery Road

₹440/sq.ft.

The guideline value for Vattambakkam To Serappananchery Road in Navaloor village (Padappai SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Navaloor

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Vattambakkam To Serappananchery Road

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Vattambakkam to Serappananchery Road guideline value

The current guideline value for Vattambakkam to Serappananchery Road is Rs 440 per sq.ft, effective from 1 July 2024. This road is located in Navaloor village and falls under the Padappai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Vattambakkam to Serappananchery Road has changed

The guideline value for Vattambakkam to Serappananchery Road has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017, which then increased significantly to Rs 400 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,000 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Vattambakkam to Serappananchery Road is below this median.

Stamp duty and registration fee for property in Vattambakkam to Serappananchery Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,40,000. The stamp duty at 7% amounts to Rs 30,800, and the registration fee at 2% is Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vattambakkam to Serappananchery Road?

The Sub Registrar Office that covers Vattambakkam to Serappananchery Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Navaloor. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This ensures that the transaction is recorded accurately in the official land records.

When selling a property, the guideline value helps in setting a baseline for negotiations. Buyers and sellers often refer to this value to establish a fair price during the transaction process, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value for Vattambakkam to Serappananchery Road?

The current guideline value for Vattambakkam to Serappananchery Road is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the registration office for Vattambakkam to Serappananchery Road?

The registration office for Vattambakkam to Serappananchery Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a plot valued at Rs 4,40,000 incurs a total fee of Rs 39,600.

What is the significance of the guideline value in property transactions?

The guideline value is essential for determining the stamp duty and registration fees in property transactions. It serves as a baseline for negotiations between buyers and sellers, ensuring compliance with legal requirements.