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 551 per sq.ft, effective from 1 July 2024. This street is located in Kadampur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

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

In the 2012 revision, the guideline value was Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 500 per sq.ft in the 2023 revision, and further rose to Rs 551 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a net increase of 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadampur

In Kadampur, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,200 per sq.ft. The median value for these streets is Rs 551 per sq.ft, which is the same as the guideline value for Padavattamman Koil Street (Ward -9).

• Palayathamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Nehru Nagar (Ward -9): Rs 551 per sq.ft (2024)
• Peraringar Anna Salai (Ward -9): Rs 2,200 per sq.ft (2024)
• Peria Palayathamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Perumal Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Nadustreet (Ward -9): Rs 551 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 551 per sq.ft, the total guideline value would be Rs 5,51,000. The stamp duty at 7% would amount to Rs 38,570, and the registration fee at 2% would be Rs 11,020, bringing the total fees to Rs 49,590. Please 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 accurate calculations.

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

The Chengleput Joint II Sub Registrar Office covers Padavattamman Koil Street (Ward -9). The office is 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 Kadampur

The guideline value is an essential factor when registering property transactions in Kadampur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Padavattamman Koil Street (Ward -9)?

The current guideline value of Padavattamman Koil Street (Ward -9) is Rs 551 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 increased to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What is the land classification for Padavattamman Koil Street?

Padavattamman Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Which office handles registrations for properties in this area?

The Chengleput Joint II Sub Registrar Office handles registrations for properties in Padavattamman Koil Street (Ward -9) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kadampur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the correct amount is collected during the registration process.