Guideline Value for C.N.PADMANABHAN STREET

C.N.Padmanabhan Street guideline value

The current guideline value of C.N.Padmanabhan 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.Padmanabhan Street has changed

The guideline value for C.N.Padmanabhan Street has undergone several revisions over the years. In 2012, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, rising to Rs 3,000 per sq.ft. The latest revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures 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 Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of C.N.Padmanabhan Street.

• C.N. Padmanaban 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.Padmanabhan 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 or the sale price.

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

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

The Sub Registrar Office that covers C.N.Padmanabhan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both parties are aware of the financial obligations involved in the property transfer.

Frequently asked questions

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

The current guideline value of C.N.Padmanabhan 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 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. From 2017 to 2023, it increased by 49% from Rs 2,010 per sq.ft to Rs 3,000 per sq.ft.

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

Other streets in Zaminpallavaram with a guideline value of Rs 3,300 per sq.ft include C.L.C Works Road and Chinna 2nd Street. Church Road and Christhu Nagar have a lower guideline value of Rs 2,750 per sq.ft.

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

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property with a guideline value of Rs 33,00,000, the stamp duty would be Rs 2,31,000.

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

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