Guideline Value for PADAVATTAMMAN KOIL STREET

Padavattamman Koil Street guideline value

The current guideline value of Padavattamman Koil Street is Rs 495 per sq.ft, effective from 1 July 2024. This street is located in Thiruporur village and falls under the Thiruporur SRO, classified as Residential Class IV Type - I.

How the guideline value of Padavattamman Koil Street has changed

The guideline value for Padavattamman Koil Street has undergone several revisions over the years. The oldest available figure is from the 2012 revision, which was Rs 450 per sq.ft. This was followed by a decrease to Rs 301 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 450 per sq.ft, and the most recent 2024 revision has set the guideline value at Rs 495 per sq.ft, reflecting a 10% increase from the previous year.

Between the revisions, the most significant change was from 2017 to 2023, where the value increased by 50%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruporur

In Thiruporur, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 495 to Rs 4,500 per sq.ft, with a median value of Rs 880 per sq.ft. Padavattamman Koil Street's guideline value is below this median.

• Old Mamallapuram Salai: Rs 2,205 per sq.ft (2024)
• North Mada Street: Rs 880 per sq.ft (2024)
• Panguni Medu: Rs 495 per sq.ft (2024)
• Navidan @ New Street: Rs 880 per sq.ft (2024)
• Narayani Nagar: Rs 1,870 per sq.ft (2024)
• Police Line Street: Rs 880 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 495 per sq.ft, the total guideline value would be Rs 4,95,000. The stamp duty at 7% would amount to Rs 34,650, and the registration fee at 2% would be Rs 9,900, making a total of Rs 44,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Padavattamman Koil Street?

The Sub Registrar Office that covers Padavattamman Koil Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Thiruporur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, both parties must consider the guideline value, as it influences the overall cost of the transaction. The registration process requires adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Padavattamman Koil Street?

The current guideline value of Padavattamman Koil Street is Rs 495 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then back to Rs 450 per sq.ft in 2023, and finally to Rs 495 per sq.ft in 2024.

What is the land classification for Padavattamman Koil Street?

Padavattamman Koil Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 4,95,000, the stamp duty would be Rs 34,650 and the registration fee would be Rs 9,900, totaling Rs 44,550.

Which office handles property registrations for Padavattamman Koil Street?

The Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone, handles property registrations for Padavattamman Koil Street.