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Guideline Value

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Guideline Value for PADAVATTAMMAN KOIL STREET (WEST)

₹4400/sq.ft.

The guideline value for Padavattamman Koil Street (west) in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹755 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹680 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[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 Padavattamman Koil Street (west)

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Padavattamman Koil Street (West) guideline value

The current guideline value of Padavattamman Koil Street (West) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - III.

How the guideline value of Padavattamman Koil Street (West) has changed

The guideline value of Padavattamman Koil Street (West) has undergone several revisions over the years. In the 2002 revision, the value was Rs 680 per sq.ft. It increased to Rs 755 per sq.ft in 2003, marking an increase of 11%. The value continued to rise, reaching Rs 1,000 per sq.ft in 2007, which was a 32% increase from the previous year. The 2012 revision saw the value drop to Rs 4,000 per sq.ft, reflecting a decrease of 300% from 2007. However, it rebounded to Rs 2,680 per sq.ft in 2017, a significant increase of 49% from 2012.

In 2023, the guideline value was set at Rs 4,000 per sq.ft, and it increased by 10% to the current value of Rs 4,400 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 547% for this street.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value of Padavattamman Koil Street (West) is below this median.

Stamp duty and registration fee for property in Padavattamman Koil Street (West)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000. Together, the total cost would be Rs 3,96,000. It is important to 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 Padavattamman Koil Street (West)?

The Sub Registrar Office that covers Padavattamman Koil Street (West) is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mambalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Padavattamman Koil Street (West)?

The current guideline value of Padavattamman Koil Street (West) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 680 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 547% over this period.

What is the median guideline value in Mambalam?

The median guideline value in Mambalam is Rs 6,600 per sq.ft, with Padavattamman Koil Street (West) being below this median at Rs 4,400 per sq.ft.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find the Sub Registrar Office for Padavattamman Koil Street (West)?

The Thiyagaraya nagar Sub Registrar Office covers Padavattamman Koil Street (West) and is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.