Guideline Value for PADASALAI (NEAR KUPPAM)

Padasalai (Near Kuppam) guideline value

The current guideline value of Padasalai (Near Kuppam) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Padasalai (Near Kuppam) has changed

The guideline value register has no figures for Padasalai (Near Kuppam) for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision, which is Rs 1,700 per sq.ft.

As per the 2024 revision, the guideline value for this street is set at Rs 1,700 per sq.ft. There have been no changes between the revisions above.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for this area is Rs 2,200 per sq.ft, placing Padasalai (Near Kuppam) below the median.

• PADASALAI 4th STREET (NEAR KUPPAM): Rs 1,700 per sq.ft (2024)
• PADASALAI 3rd STREET (NEAR KUPPAM): Rs 1,700 per sq.ft (2024)
• PADASALAI 2nd STREET: Rs 1,700 per sq.ft (2024)
• PADASALAI 1st STREET (NEAR KUPPAM): Rs 1,700 per sq.ft (2024)
• Padavattamman Koil Street (Near Ecr): Rs 2,200 per sq.ft (2024)
• Padavettammankoil 1st Avenue: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Padasalai (Near Kuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Padasalai (Near Kuppam)?

The Sub Registrar Office that covers Padasalai (Near Kuppam) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is an essential factor during the registration of property transactions in Sholinganallur - 1. It determines the minimum value at which the property can be registered, impacting the stamp duty and registration fees payable.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It ensures that the transaction is recorded at a value that reflects the official assessment of the property’s worth.

Frequently asked questions

What is the current guideline value of Padasalai (Near Kuppam)?

The current guideline value of Padasalai (Near Kuppam) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 1,700 per sq.ft.

What is the classification of land in Padasalai (Near Kuppam)?

Padasalai (Near Kuppam) is classified as Residential Class IV Type - I according to the Neelankarai SRO guidelines.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, with Padasalai (Near Kuppam) being below this median value.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.