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Guideline Value

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Guideline Value for PADAVETTAMMAN KOIL 3RD STREET

₹2200/sq.ft.

The guideline value for Padavettamman Koil 3rd Street 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 3rd Street

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Padavettamman Koil 3rd Street guideline value

The current guideline value of Padavettamman Koil 3rd Street 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 is classified as Residential Class II Type - III.

How the guideline value of Padavettamman Koil 3rd Street has changed

The guideline value for Padavettamman Koil 3rd Street has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012. The increase from 2017 to 2023 was 49%, reflecting a significant rise in the guideline value over this period.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for this area is Rs 2,200 per sq.ft, which aligns with the current value of Padavettamman Koil 3rd Street.

Stamp duty and registration fee for property in Padavettamman Koil 3rd Street

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, making the total fees 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Padavettamman Koil 3rd Street?

The Sub Registrar Office that covers Padavettamman Koil 3rd Street is 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 details.

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

The guideline value is a crucial factor in property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value serves as a benchmark for the registration process.

When selling property, it is essential to be aware of the guideline value, as it can influence the sale price and the associated fees. Buyers and sellers should ensure they are informed about the current guideline values to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Padavettamman Koil 3rd Street?

The current guideline value of Padavettamman Koil 3rd Street 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% over this period.

What are the stamp duty rates for property in Padavettamman Koil 3rd Street?

The stamp duty for property in Padavettamman Koil 3rd Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What other streets have the same guideline value in Sholinganallur - 1?

Other streets in Sholinganallur - 1, such as Padavettamman Koil 3rd Road, Padavettamman Koil 4th Road, and Padavettamman Koil 2nd Street, also have a guideline value of Rs 2,200 per sq.ft in 2024.