Guideline Value for PADAVATTAMMAN KOIL STREET

Padavattamman Koil Street guideline value

The current guideline value of Padavattamman Koil Street is Rs 747 per sq.ft, effective from 1 July 2024. This street is located in Kavanur village under the Gooduvancheri SRO, classified as Mixed Special Type - I.

How the guideline value of Padavattamman Koil Street has changed

The guideline value for Padavattamman Koil Street has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 747 per sq.ft, which is the same as the 2023 revision. The previous revision in 2017 set the value at Rs 500 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and the overall change from 2017 to 2024 is also +49%.

It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012. Therefore, the first recorded value for Padavattamman Koil Street is from the 2017 revision.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, which means that Padavattamman Koil Street's 2024 figure is below this median.

• Parameshwari Amman Nagar: Rs 600 per sq.ft (2024)
• New Chennai City Phase - I: Rs 670 per sq.ft (2024)
• NEW Chennai City: Rs 800 per sq.ft (2024)
• Nehru Nagar: Rs 800 per sq.ft (2024)
• Nedunsalai Thittam Nagar-6: Rs 800 per sq.ft (2024)
• Periyar Kudiyirupu: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Padavattamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 747 per sq.ft, the total guideline value would be Rs 7,47,000. The stamp duty at 7% would amount to Rs 52,290, and the registration fee at 2% would be Rs 14,940, resulting in a total of Rs 67,230. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Padavattamman Koil Street?

The Sub Registrar Office that covers Padavattamman Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavanur. It determines the minimum value at which a property can be registered, ensuring that the transaction is officially recognized and documented.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the registration process. Buyers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Padavattamman Koil Street?

The current guideline value of Padavattamman Koil Street is Rs 747 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Padavattamman Koil Street has remained the same at Rs 747 per sq.ft from 2023 to 2024. It increased from Rs 500 per sq.ft in 2017 to Rs 747 per sq.ft in 2023, marking a 49% increase over that period.

What are the other streets in Kavanur with their guideline values?

There are several other streets in Kavanur with varying guideline values. For example, Parameshwari Amman Nagar is valued at Rs 600 per sq.ft, while NEW Chennai City and Nehru Nagar are both valued at Rs 800 per sq.ft.

What fees are associated with buying property in Padavattamman Koil Street?

When buying property in Padavattamman Koil Street, buyers should consider the stamp duty, which is 7% of the guideline value, and the registration fee, which is 2%. For a property valued at Rs 7,47,000, the total fees would amount to Rs 67,230.

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

The Sub Registrar Office for Padavattamman Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.