Guideline Value for PADAVETTAMMAN KOIL 1ST ROAD
₹2200/sq.ft.
The guideline value for Padavettamman Koil 1st Road in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Sholinganallur - 1
Village
Neelankarai
SRO
Residential Class II Type - III
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2200 /sq.ft. |
| From 1-4-2023 | ₹2000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1340 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Padavettamman Koil 1st Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Neelankarai sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Padavettamman Koil 1st Road guideline value
The current guideline value of Padavettamman Koil 1st Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in the Sholinganallur - 1 village, under the Neelankarai SRO, and is classified as Residential Class II Type - III.
How the guideline value of Padavettamman Koil 1st Road has changed
The guideline value for Padavettamman Koil 1st Road has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. Currently, the 2024 revision sets the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.
Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.
Guideline values in Sholinganallur - 1
In the Sholinganallur - 1 village, there are 754 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Padavettamman Koil 1st Road aligns with this median.
- Padavettammankoil 1st Avenue: Rs 2,200 per sq.ft (2024)
- Padavettamman Koil 1st Street: Rs 2,200 per sq.ft (2024)
- Padavettamman Koil 2nd Avenue: Rs 2,200 per sq.ft (2024)
- Padavettamman Koil 2nd Road: Rs 2,200 per sq.ft (2024)
- Padavettamman Koil 2nd Street: Rs 2,200 per sq.ft (2024)
- Padavettamman Koil 3rd Avenue: Rs 2,200 per sq.ft (2024)
Stamp duty and registration fee for property in Padavettamman Koil 1st Road
For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
You can use our stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Padavettamman Koil 1st Road?
The Padavettamman Koil 1st Road is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Sholinganallur - 1
The guideline value is a critical factor when registering property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.
When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.
Frequently asked questions
What is the current guideline value of Padavettamman Koil 1st Road?
The current guideline value of Padavettamman Koil 1st Road is Rs 2,200 per sq.ft, effective from 1 July 2024.
How much has the guideline value changed since 2017?
Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, which is an overall increase of 64%.
What is the land classification for Padavettamman Koil 1st Road?
Padavettamman Koil 1st Road is classified as Residential Class II Type - III.
What are the stamp duty rates applicable for properties in this area?
The stamp duty for properties in this area is charged at 7% of the guideline value or the sale price, whichever is higher.
Where can I find the Neelankarai Sub Registrar Office?
The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.
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