Guideline Value for PADI KUPPAM "PERIYAR STREET"

Padi Kuppam "periyar Street" guideline value

The current guideline value of Padi Kuppam "periyar 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 "periyar Street" has changed

The guideline value for Padi Kuppam "periyar 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, marking a rise of 394%. However, from 2012 to 2017, there was a decrease to Rs 1,340 per sq.ft, a drop of 33%. The value continued to rise to Rs 2,000 per sq.ft in 2023, and then to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 443%. It is important to note that the register does not have 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 "periyar Street" is currently below this median value.

• Padi Kuppam "nehru Street": Rs 2,200 per sq.ft (2024)
• Padi Kuppam Road: Rs 6,600 per sq.ft (2024)
• Padi Kuppam "kamaraj Street": Rs 2,200 per sq.ft (2024)
• Padi Kuppam "v.O.C.Street": Rs 2,200 per sq.ft (2024)
• Padi Kuppam "gandhi Street": Rs 2,200 per sq.ft (2024)
• PADI PUDU NAGAR 10th STREET: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Padi Kuppam "periyar 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, while the registration fee at 2% would be Rs 44,000. Together, the total fees would be Rs 1,98,000. It is important to note that the stamp duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Padi Kuppam "periyar 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 critical factor in property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of their financial obligations. It is essential to refer to the latest guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

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

The current guideline value of Padi Kuppam "periyar 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 several times, starting 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 are the other streets in Padi with their guideline values?

Other streets in Padi include Padi Kuppam "nehru Street", Padi Kuppam Road, Padi Kuppam "kamaraj Street", Padi Kuppam "v.O.C.Street", Padi Kuppam "gandhi Street", and PADI PUDU NAGAR 10th STREET, with values ranging from Rs 2,200 to Rs 6,600 per sq.ft in 2024.

What fees are associated with buying property in Padi Kuppam "periyar Street"?

The fees associated with buying property include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,98,000.

Where can I find the Sub Registrar Office for Padi Kuppam "periyar Street"?

The Sub Registrar Office for Padi Kuppam "periyar Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information by visiting the link provided.