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Guideline Value

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Guideline Value for PADASALAI 4th STREET (NEAR KUPPAM)

₹1700/sq.ft.

The guideline value for Padasalai 4th Street (near Kuppam) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. 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 ₹1500 /sq.ft.
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 4th Street (near Kuppam)

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PADASALAI 4th STREET (NEAR KUPPAM) guideline value

The current guideline value for PADASALAI 4th 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 is classified as Residential Class IV Type - I.

How the guideline value of PADASALAI 4th STREET (NEAR KUPPAM) has changed

The guideline value for PADASALAI 4th STREET (NEAR KUPPAM) has undergone several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 raised it further to Rs 1,700 per sq.ft, marking a 13% increase from the previous year. Overall, from 2017 to 2024, there has been a significant increase of 69% in the guideline value.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. The changes between the revisions highlight the increasing value of properties in this area.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means that PADASALAI 4th STREET's 2024 figure is below that median.

Stamp duty and registration fee for property in PADASALAI 4th 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 amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, leading to a total of Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PADASALAI 4th STREET (NEAR KUPPAM)?

The Sub Registrar Office that covers PADASALAI 4th 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 details.

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

The guideline value plays a crucial role during the registration 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 through stamp duty and registration fees.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and helps in evaluating the fair value of the property being transacted.

Frequently asked questions

What is the current guideline value for PADASALAI 4th STREET (NEAR KUPPAM)?

The current guideline value for PADASALAI 4th 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 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,700 per sq.ft in 2024, marking an overall increase of 69% over the seven years.

Which office handles registrations for properties on PADASALAI 4th STREET (NEAR KUPPAM)?

The Neelankarai Sub Registrar Office is responsible for handling registrations for properties on PADASALAI 4th STREET (NEAR KUPPAM).

What is the stamp duty rate applicable in this area?

The stamp duty rate applicable in the area is 7% of the guideline value or the sale price, whichever is higher.

What is the land classification for PADASALAI 4th STREET (NEAR KUPPAM)?

PADASALAI 4th STREET (NEAR KUPPAM) is classified as Residential Class IV Type - I.