Guideline Value

Corporate

Guideline Value for Gnanambal Road

₹3300/sq.ft.

The guideline value for Gnanambal Road in Padappai village (Padappai SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padappai

Village

Padappai

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹85 /sq.ft.
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 Gnanambal Road

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Gnanambal Road guideline value

The current guideline value of Gnanambal Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Padappai village and falls under the Padappai SRO, classified as Commercial Class I Type - I.

How the guideline value of Gnanambal Road has changed

The guideline value for Gnanambal Road has seen significant changes over the years. In the 2007 revision, the value was Rs 85 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012, marking a rise of 3429%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The value then rose again to Rs 3,000 per sq.ft in the 2023 revision, reflecting a 49% increase. The most recent revision in 2024 has set the value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for Gnanambal Road in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 3782%.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft. The median value for these streets is Rs 830 per sq.ft, placing Gnanambal Road's 2024 figure above this median.

Stamp duty and registration fee for property in Gnanambal Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, calculated at 7%, would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gnanambal Road?

The Gnanambal Road falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

When buying or selling property in Padappai, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost involved in the registration process. The higher the guideline value, the more one might need to pay in terms of stamp duty and registration fees, which are calculated based on this value.

Frequently asked questions

What is the current guideline value of Gnanambal Road?

The current guideline value of Gnanambal Road 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 significantly from Rs 85 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 3782% over this period.

What is the registration office for Gnanambal Road?

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

How is stamp duty calculated for properties on Gnanambal Road?

Stamp duty for properties on Gnanambal Road is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.

What are the other streets with guideline values in Padappai?

Other streets in Padappai include Green Park Avenue at Rs 1,320 per sq.ft, Gandhi Street at Rs 830 per sq.ft, Hagiyar Nagar at Rs 3,300 per sq.ft, Haji Anserdeen Avenue at Rs 3,300 per sq.ft, Hamithiya Nagar at Rs 1,320 per sq.ft, and Haritha Nagar at Rs 830 per sq.ft.