Guideline Value

Corporate

Guideline Value for PADAVETTAMMAN KOIL 2ND ROAD

₹2200/sq.ft.

The guideline value for Padavettamman Koil 2nd 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 2nd Road

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Padavettamman Koil 2nd Road guideline value

The current guideline value of Padavettamman Koil 2nd Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Padavettamman Koil 2nd Road has changed

The guideline value for Padavettamman Koil 2nd Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded a guideline value of Rs 1,340 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no recorded figures for Padavettamman Koil 2nd Road in the revisions for the years 2002, 2003, 2007, and 2012. This lack of data indicates that the street may not have been assessed for guideline values during those years.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO that have a guideline value for 2024, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Padavettamman Koil 2nd Road.

Stamp duty and registration fee for property in Padavettamman Koil 2nd Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, calculated at 7%, would be 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Padavettamman Koil 2nd Road?

The Padavettamman Koil 2nd Road falls under the jurisdiction of the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

To find your specific Sub Registrar Office, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value serves as a reference point for property transactions in Sholinganallur - 1. When buying or selling property, this value is used to calculate applicable stamp duties and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

During the registration process, the guideline value is essential for determining the legal obligations of the buyer and seller. It is crucial to understand that the guideline value may influence the overall costs associated with property transfer.

Frequently asked questions

What is the current guideline value of Padavettamman Koil 2nd Road?

The current guideline value of Padavettamman Koil 2nd Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%. The most recent revision in 2024 saw a 10% increase from Rs 2,000 per sq.ft in 2023.

What is the land classification for Padavettamman Koil 2nd Road?

Padavettamman Koil 2nd Road is classified as Residential Class II Type - III, indicating its suitability for residential development.

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.

How is stamp duty calculated for properties in Padavettamman Koil 2nd Road?

Stamp duty for properties in Padavettamman Koil 2nd Road is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 22,00,000, resulting in a stamp duty of Rs 1,54,000.