Guideline Value for PADI KUPPAM "ANGALAMMAN KOIL STREET"

Padi Kuppam "angalamman Koil Street" guideline value

The current guideline value of Padi Kuppam "angalamman Koil Street" is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Padi village, under the Villivakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class V Type - II.

How the guideline value of Padi Kuppam "angalamman Koil Street" has changed

The guideline value for Padi Kuppam "angalamman Koil Street" has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 405 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 394%. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, there was a notable increase of 49%, bringing the guideline value to Rs 2,000 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 443%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft, with a median value of Rs 3,800 per sq.ft. Padi Kuppam "angalamman Koil Street" is below this median.

• Padi Industrial Eatate (Mogappair East Scheme): Rs 5,500 per sq.ft (2024)
• Padi Kuppam "anna Street": Rs 2,200 per sq.ft (2024)
• Padi Balaji Nagar (Opp.Tvs Group Companies): Rs 5,400 per sq.ft (2024)
• Padi Kuppam "gandhi Street": Rs 2,200 per sq.ft (2024)
• Padi Balaji Nagar "kuppusamy Street": Rs 5,400 per sq.ft (2024)
• Padi Kuppam "kamaraj Street": Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Padi Kuppam "angalamman Koil 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, bringing the total cost for these fees 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Padi Kuppam "angalamman Koil Street"?

The Sub Registrar Office that covers Padi Kuppam "angalamman Koil Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial aspect during property transactions in Padi, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of Padi Kuppam "angalamman Koil Street"?

The current guideline value of Padi Kuppam "angalamman Koil 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 changed significantly from Rs 405 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 443% over the years.

What are the other streets in Padi with their guideline values?

Other streets in Padi include Padi Industrial Eatate at Rs 5,500 per sq.ft, Padi Kuppam "anna Street" at Rs 2,200 per sq.ft, and Padi Balaji Nagar at Rs 5,400 per sq.ft, among others.

What is the stamp duty rate for properties in Padi Kuppam "angalamman Koil Street"?

The stamp duty rate for properties in Padi Kuppam "angalamman Koil Street" is 7%, which is calculated based on the guideline value or the sale price, whichever is higher.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.