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

Guideline Value

Corporate

Guideline Value for PADASALAI 1st STREET (NEAR KUPPAM)

₹1700/sq.ft.

The guideline value for Padasalai 1st Street (near Kuppam) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Padasalai 1st Street (near Kuppam)

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

PADASALAI 1st STREET (NEAR KUPPAM) guideline value

The current guideline value of PADASALAI 1st STREET (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, and it is classified as Residential Class IV Type - I.

How the guideline value of PADASALAI 1st STREET (NEAR KUPPAM) has changed

According to the register, there are no figures available for PADASALAI 1st STREET (NEAR KUPPAM) for the years 2023, 2017, 2012, 2007, 2003, and 2002. The most recent revision is from 2024, which sets the guideline value at Rs 1,700 per sq.ft.

There have been no changes between the revisions listed above. The 2024 revision is the only figure available for this street, and it reflects the current valuation as per the latest update.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the 2024 figure for PADASALAI 1st STREET (NEAR KUPPAM) below this median.

Stamp duty and registration fee for property in PADASALAI 1st STREET (NEAR KUPPAM)

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to 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, bringing the total to Rs 1,53,000. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers PADASALAI 1st STREET (NEAR KUPPAM)?

The Sub Registrar Office that covers PADASALAI 1st STREET (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 a crucial factor in property transactions in Sholinganallur - 1. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It is essential to be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of PADASALAI 1st STREET (NEAR KUPPAM)?

The current guideline value of PADASALAI 1st STREET (NEAR KUPPAM) is Rs 1,700 per sq.ft, effective from 1 July 2024.

What is the land classification of PADASALAI 1st STREET (NEAR KUPPAM)?

PADASALAI 1st STREET (NEAR KUPPAM) is classified as Residential Class IV Type - I.

How many streets are there in Sholinganallur - 1?

There are a total of 754 streets in Sholinganallur - 1 under the Neelankarai SRO that have a 2024 guideline value.

What is the median guideline value in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is above the guideline value of PADASALAI 1st STREET (NEAR KUPPAM).

How is stamp duty calculated for property in PADASALAI 1st STREET (NEAR KUPPAM)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 17,00,000 would incur a stamp duty of Rs 1,19,000.