Guideline Value for PADI KUPPAM "ANNA STREET"

Padi Kuppam "anna Street" guideline value

The current guideline value for Padi Kuppam "anna Street" is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, and it falls under the Residential Class V Type - II land classification.

How the guideline value of Padi Kuppam "anna Street" has changed

The guideline value for Padi Kuppam "anna Street" has seen several revisions over the years. In 2007, the guideline value was Rs 405 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it dropped to Rs 1,340 per sq.ft in 2017 before rising again to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 443%.

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. The median guideline value for these streets is Rs 3,800 per sq.ft, indicating that Padi Kuppam "anna Street" is below this median.

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

Stamp duty and registration fee for property in Padi Kuppam "anna 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 fees together 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 also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Padi Kuppam "anna Street"?

The Sub Registrar Office that covers Padi Kuppam "anna Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions as it determines the minimum price at which a property can be registered. When buying or selling property in Padi Kuppam "anna Street", the guideline value serves as a basis for calculating stamp duty and registration fees, ensuring that the transaction adheres to the legal requirements set by the Registration Department.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of the property transaction. Proper understanding of this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Padi Kuppam "anna Street"?

The current guideline value for Padi Kuppam "anna 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 from Rs 405 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 443% over the years.

What is the registration office for Padi Kuppam "anna Street"?

The registration office for Padi Kuppam "anna Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for properties in Padi Kuppam "anna Street"?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

Where can I find more information about the guideline values in Padi?

For more information about the guideline values in Padi, you can refer to the Registration Department's guideline value register (TNReginet).