Guideline Value for PADAVATTAMMAN KOIL STREET (WARD -9)

Padavattamman Koil Street (Ward -9) guideline value

The current guideline value of Padavattamman Koil Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Goodaloor village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Padavattamman Koil Street (Ward -9) has changed

The guideline value for Padavattamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft, marking a decrease of 33%. In 2023, the value increased to Rs 500 per sq.ft, and the latest 2024 revision has raised it to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose significantly by 49%. Overall, from the 2012 revision to the current 2024 figure, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Goodaloor

In Goodaloor village, there are 53 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft. The median guideline value in this area is Rs 660 per sq.ft, indicating that Padavattamman Koil Street's value is below this median.

• Palayathamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Nehru Nagar (Ward -9): Rs 660 per sq.ft (2024)
• Peraringar Anna Salai (Ward -9): Rs 2,200 per sq.ft (2024)
• Peria Palayathamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Perumal Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Nadustreet (Ward -9): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Padavattamman Koil Street (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges together Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Padavattamman Koil Street (Ward -9)?

The Sub Registrar Office that covers Padavattamman Koil Street (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Goodaloor

The guideline value is an essential factor in property transactions as it determines the minimum value for registration purposes. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on a recognized value.

It is crucial for buyers and sellers to be aware of the guideline value, as it influences the overall cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during property dealings in Goodaloor.

Frequently asked questions

What is the current guideline value of Padavattamman Koil Street?

The current guideline value of Padavattamman Koil Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value in Goodaloor?

The median guideline value in Goodaloor is Rs 660 per sq.ft, indicating that Padavattamman Koil Street's value is below this median.

What are the stamp duty and registration fees for property in Padavattamman Koil Street?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles property registrations for Padavattamman Koil Street?

The Chengleput Joint II Sub Registrar Office handles property registrations for Padavattamman Koil Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.