Guideline Value for PADI KUPPAM "NEHRU STREET"

Padi Kuppam "nehru Street" guideline value

The current guideline value of Padi Kuppam "nehru 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 is classified as Residential Class V Type - II.

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

The guideline value for Padi Kuppam "nehru Street" has seen several revisions over the years. The 2007 revision recorded a value of Rs 530 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 1,340 per sq.ft. The value then rose to Rs 2,000 per sq.ft in 2023 before reaching the current rate of Rs 2,200 per sq.ft in 2024.

In terms of percentage changes, the value increased by 277% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. 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. The median value for these streets is Rs 3,800 per sq.ft, indicating that Padi Kuppam "nehru Street" is below this median.

• Padi Kuppam "kamaraj Street": Rs 2,200 per sq.ft (2024)
• Padi Kuppam "periyar Street": Rs 2,200 per sq.ft (2024)
• Padi Kuppam "gandhi Street": Rs 2,200 per sq.ft (2024)
• Padi Kuppam Road: Rs 6,600 per sq.ft (2024)
• Padi Kuppam "anna Street": Rs 2,200 per sq.ft (2024)
• Padi Kuppam "v.O.C.Street": Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Padi Kuppam "nehru Street"

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, totaling 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 use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Padi Kuppam "nehru 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 factor when registering a property in Padi Kuppam "nehru Street". It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially documented at a recognized value.

When buying or selling property, the guideline value acts as a benchmark for both buyers and sellers. It provides a clear framework for financial obligations during the registration process, ensuring transparency and compliance with local regulations.

Frequently asked questions

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

The current guideline value of Padi Kuppam "nehru 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 530 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 315% over the years.

What are the stamp duty and registration fees for property in Padi Kuppam "nehru Street"?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Padi Kuppam "nehru Street"?

The Villivakkam Sub Registrar Office handles registrations for Padi Kuppam "nehru Street", located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Padi Kuppam "nehru Street"?

Padi Kuppam "nehru Street" is classified as Residential Class V Type - II, indicating its designated use for residential purposes.