Guideline Value

Corporate

Guideline Value for W-BLOCK Inner Side Plot's

₹8700/sq.ft.

The guideline value for W-block Inner Side Plot's in Padi village (Villivakkam SRO, Chennai zone) is Rs 8700 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹8700 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /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 W-block Inner Side Plot's

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W-BLOCK Inner Side Plot's guideline value

The current guideline value for W-BLOCK Inner Side Plot's is Rs 8,700 per sq.ft, effective from 1 July 2024. This plot is located in Padi village, under the Villivakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of W-BLOCK Inner Side Plot's has changed

The guideline value for W-BLOCK Inner Side Plot's has seen several revisions over the years. The earliest recorded figure is from 2012, set at Rs 8,000 per sq.ft. This was followed by a decrease to Rs 5,360 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 8,000 per sq.ft, and the latest revision in 2024 has increased it further to Rs 8,700 per sq.ft.

In terms of percentage changes, the guideline value increased by 9% from 2023 to 2024. There was a significant increase of 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 9%.

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. The median guideline value in Padi is Rs 3,800 per sq.ft, placing W-BLOCK Inner Side Plot's value above this median.

Stamp duty and registration fee for property in W-BLOCK Inner Side Plot's

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value would be Rs 87,00,000. The stamp duty at 7% would amount to Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, bringing the total fees 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 use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers W-BLOCK Inner Side Plot's?

The Sub Registrar Office that covers W-BLOCK Inner Side Plot's is 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 more information.

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

The guideline value is a critical factor during the registration of property transactions in Padi. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for W-BLOCK Inner Side Plot's?

The current guideline value for W-BLOCK Inner Side Plot's 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 changed from Rs 8,000 in 2012 to Rs 5,360 in 2017, then back to Rs 8,000 in 2023, and finally to Rs 8,700 in 2024. This reflects various percentage changes between the revisions.

What are the other streets in Padi with similar guideline values?

Other streets in Padi with similar guideline values include W-Block "d", "c", "b", and "a" Sectors, all valued at Rs 8,700 per sq.ft in 2024. Welcome Colony is valued at Rs 8,200 per sq.ft, while Western Apartments (North Main Road) has the highest value at Rs 13,100 per sq.ft.

How is stamp duty calculated for properties in Padi?

Stamp duty for properties in Padi is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 87,00,000 would incur a stamp duty of Rs 6,09,000 at 7%.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Villivakkam Sub Registrar Office at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. More information can be found by following the link to find your SRO.