Guideline Value for C.N. Padmanaban Street

C.N. Padmanaban Street guideline value

The current guideline value of C.N. Padmanaban Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of C.N. Padmanaban Street has changed

The guideline value for C.N. Padmanaban Street has seen several revisions over the years. In 2003, the guideline value was Rs 218 per sq.ft, which increased to Rs 600 per sq.ft in 2007. This represented a significant increase of 175%. The value then rose dramatically to Rs 3,000 per sq.ft in 2012, marking a 400% increase. However, in 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. By 2023, the value had increased to Rs 3,000 per sq.ft, and most recently, it has been revised to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 1414%. It is important to note that the register has no figure for C.N. Padmanaban Street for the year 2002.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is the same as the current value for C.N. Padmanaban Street.

• C.N.Padmanabhan Street: Rs 3,300 per sq.ft (2024)
• C.L.C Works Road: Rs 3,300 per sq.ft (2024)
• Church Road: Rs 2,750 per sq.ft (2024)
• Christhu Nagar: Rs 2,750 per sq.ft (2024)
• Chitra Township: Rs 3,850 per sq.ft (2024)
• Chinna 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in C.N. Padmanaban Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.N. Padmanaban Street?

The Sub Registrar Office that covers C.N. Padmanaban Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value is set by the Registration Department and is periodically revised to reflect changes in the real estate market.

When buying or selling property, the guideline value serves as a benchmark to ensure that the transaction reflects a fair value according to the government’s assessment. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of C.N. Padmanaban Street?

The current guideline value of C.N. Padmanaban Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 218 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 1414% over the years.

What is the land classification for C.N. Padmanaban Street?

C.N. Padmanaban Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for C.N. Padmanaban Street?

The Sub Registrar Office for C.N. Padmanaban Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in C.N. Padmanaban Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.