Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Ottirai Vadai Street

₹830/sq.ft.

The guideline value for Ottirai Vadai Street in Padappai village (Padappai SRO, Chennai zone) is Rs 830 per sq.ft, effective 1 July 2024. It was Rs 750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padappai

Village

Padappai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹830 /sq.ft.
From 1-4-2023 ₹750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /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 Ottirai Vadai Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Ottirai Vadai Street guideline value

The current guideline value of Ottirai Vadai Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Padappai village and falls under the Padappai SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ottirai Vadai Street has changed

The guideline value for Ottirai Vadai Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 50 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, marking a rise of 1400%. However, the value dropped to Rs 502 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision set the value at Rs 750 per sq.ft, which then increased to Rs 830 per sq.ft in 2024, showing an increase of 11%.

There are no figures available for the years 2002 and 2003 in the register for Ottirai Vadai Street. Overall, from 2007 to 2024, the guideline value has increased by 1560%, culminating in the current value of Rs 830 per sq.ft.

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 is Rs 830 per sq.ft, which is equal to the current guideline value for Ottirai Vadai Street.

Stamp duty and registration fee for property in Ottirai Vadai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, resulting in a total of Rs 74,700. 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 detailed calculations.

Which Sub Registrar Office covers Ottirai Vadai Street?

The Sub Registrar Office that covers Ottirai Vadai Street is 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 information.

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

The guideline value is a crucial factor in property transactions in Padappai. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value acts as a benchmark for calculating the necessary fees. It is essential to note that the fees are charged based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Ottirai Vadai Street?

The current guideline value of Ottirai Vadai Street is Rs 830 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 50 per sq.ft in 2007 to Rs 830 per sq.ft in 2024, marking an increase of 1560% over the years.

What are the stamp duty and registration fees for property in Ottirai Vadai Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,30,000. The stamp duty at 7% is Rs 58,100, and the registration fee at 2% is Rs 16,600, totaling Rs 74,700.

Which office handles property registrations in Padappai?

The Padappai Sub Registrar Office handles property registrations in Padappai, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It serves as a benchmark for these fees, ensuring that buyers and sellers comply with legal requirements.