Guideline Value for PADASALAI 2nd STREET

PADASALAI 2nd STREET guideline value

The current guideline value of PADASALAI 2nd STREET 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 2nd STREET has changed

In the 2017 revision, the guideline value for PADASALAI 2nd STREET was Rs 1,005 per sq.ft. The latest revision in 2024 has increased this value to Rs 1,700 per sq.ft, marking a significant change of +69% over this period.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only revisions that reflect the guideline value are from 2017 and 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for PADASALAI 2nd STREET is below this median.

• PADASALAI 1st STREET (NEAR KUPPAM): Rs 1,700 per sq.ft (2024)
• PADASALAI 3rd STREET (NEAR KUPPAM): Rs 1,700 per sq.ft (2024)
• PADASALAI 4th STREET (NEAR KUPPAM): Rs 1,700 per sq.ft (2024)
• Padasalai (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 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total 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 cost together to Rs 1,53,000. Note that the 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 detailed calculations.

Which Sub Registrar Office covers PADASALAI 2nd STREET?

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

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

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

The guideline value is a crucial factor in the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are transparent and adhere to the legal requirements set forth by the state government.

Frequently asked questions

What is the current guideline value of PADASALAI 2nd STREET?

The current guideline value of PADASALAI 2nd STREET is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,700 per sq.ft, which is a change of +69%.

Are there any revisions for PADASALAI 2nd STREET in the years 2023, 2012, 2007, 2003, or 2002?

The register has no figures for PADASALAI 2nd STREET for the years 2023, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office covers this street?

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