Guideline Value

Corporate

Guideline Value for PADAVETTAMMANKOIL 1ST AVENUE

₹2200/sq.ft.

The guideline value for Padavettammankoil 1st Avenue 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 N/A
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 Padavettammankoil 1st Avenue

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Padavettammankoil 1st Avenue guideline value

The current guideline value of Padavettammankoil 1st Avenue 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 Padavettammankoil 1st Avenue has changed

The guideline value for Padavettammankoil 1st Avenue has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,000 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street in the years mentioned. The 2024 value of Rs 2,200 per sq.ft aligns with the median value for the 754 streets in Sholinganallur - 1, which ranges from Rs 1,000 to Rs 8,800 per sq.ft.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, the guideline values for various streets are set between Rs 1,000 and Rs 8,800 per sq.ft, with the median being Rs 2,200 per sq.ft. The guideline value for Padavettammankoil 1st Avenue is equal to this median. The following are other streets in Sholinganallur - 1:

Stamp duty and registration fee for property in Padavettammankoil 1st Avenue

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 at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Padavettammankoil 1st Avenue?

The Sub Registrar Office that covers Padavettammankoil 1st Avenue 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 information.

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

The guideline value is a critical factor during the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are levied. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Padavettammankoil 1st Avenue?

The current guideline value of Padavettammankoil 1st Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed, with the most recent revision in 2024 increasing it from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

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

Other streets in Sholinganallur - 1 that share the same guideline value of Rs 2,200 per sq.ft include Padavettamman Koil 1st Road, Padavettamman Koil 1st Street, Padavettamman Koil 2nd Avenue, Padavettamman Koil 2nd Road, Padavettamman Koil 2nd Street, and Padavettamman Koil 3rd Avenue.

How is stamp duty calculated for properties in Padavettammankoil 1st Avenue?

Stamp duty for properties in Padavettammankoil 1st Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

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. You can find more details by visiting the appropriate link.