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Guideline Value

Corporate

Guideline Value for PADASALAI 3rd STREET (NEAR KUPPAM)

₹1700/sq.ft.

The guideline value for Padasalai 3rd 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 ₹1005 /sq.ft.
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 3rd Street (near Kuppam)

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PADASALAI 3rd STREET (NEAR KUPPAM) guideline value

The current guideline value for PADASALAI 3rd STREET (NEAR KUPPAM) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of PADASALAI 3rd STREET (NEAR KUPPAM) has changed

In the 2017 revision, the guideline value for PADASALAI 3rd STREET was Rs 1,005 per sq.ft. The most recent revision in 2024 increased this value to Rs 1,700 per sq.ft, marking a significant increase of 69%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Comparing the two available revisions, the guideline value rose from Rs 1,005 in 2017 to Rs 1,700 in 2024. The increase reflects changes in the valuation process, but specific reasons for this change are not provided in the register.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with 2024 guideline values 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, indicating that PADASALAI 3rd STREET's current value is below this median.

Stamp duty and registration fee for property in PADASALAI 3rd STREET (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, 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 details.

Which Sub Registrar Office covers PADASALAI 3rd STREET (NEAR KUPPAM)?

The Sub Registrar Office that covers PADASALAI 3rd 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 when registering property transactions in Sholinganallur - 1. It determines the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that all transactions are transparent and adhere to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of PADASALAI 3rd STREET (NEAR KUPPAM)?

The current guideline value of PADASALAI 3rd STREET (NEAR KUPPAM) 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%.

What are the guideline values of other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 have varying guideline values, with rates ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft.

What is the registration office for PADASALAI 3rd STREET (NEAR KUPPAM)?

The Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone, covers PADASALAI 3rd STREET.

How is stamp duty calculated for properties in PADASALAI 3rd STREET (NEAR KUPPAM)?

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