Guideline Value for W-BLOCK "C" SECTOR

W-Block "c" Sector guideline value

The current guideline value for W-Block "c" Sector in Padi village is Rs 8,700 per sq.ft, effective from 1 July 2024. This area falls under the Villivakkam SRO and is classified as Residential Special Type - III.

How the guideline value of W-Block "c" Sector has changed

Over the years, the guideline value for W-Block "c" Sector has seen several revisions. In 2007, the guideline value was Rs 2,750 per sq.ft. This increased to Rs 8,000 per sq.ft in 2012, followed by a decrease to Rs 5,360 per sq.ft in 2017. The value then rose significantly to Rs 8,000 per sq.ft in 2023, and most recently, it has been set at Rs 8,700 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the period from 2007 to 2012 experienced a substantial increase of 191%. Overall, from 2007 to 2024, the guideline value has increased by 216%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padi

Padi village has a total of 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 for these streets is Rs 3,800 per sq.ft, placing W-Block "c" Sector's value above this median.

• W-Block "d" Sector: Rs 8,700 per sq.ft (2024)
• W-Block "b" Sector: Rs 8,700 per sq.ft (2024)
• W-BLOCK Inner Side Plot's: Rs 8,700 per sq.ft (2024)
• W-Block "a" Sector: Rs 8,700 per sq.ft (2024)
• Welcome Colony: Rs 8,200 per sq.ft (2024)
• Western Apartments (North Main Road): Rs 13,100 per sq.ft (2024)

Stamp duty and registration fee for property in W-Block "c" Sector

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value amounts to Rs 87,00,000. The stamp duty at 7% would be Rs 6,09,000, while the registration fee at 2% would be Rs 1,74,000, bringing the total costs to Rs 7,83,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers W-Block "c" Sector?

The Sub Registrar Office that covers W-Block "c" Sector is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Padi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the actual sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for W-Block "c" Sector?

The current guideline value for W-Block "c" Sector is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,750 per sq.ft in 2007 to Rs 8,700 per sq.ft in 2024, marking an overall increase of 216% over the years.

What is the land classification for W-Block "c" Sector?

W-Block "c" Sector is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in W-Block "c" Sector is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for W-Block "c" Sector?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.