Guideline Value for PADI PUDU NAGAR "KOIL STREET"

Padi Pudu Nagar "koil Street" guideline value

The current guideline value of Padi Pudu Nagar "koil Street" is Rs 2,500 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 - I land classification.

How the guideline value of Padi Pudu Nagar "koil Street" has changed

The guideline value for Padi Pudu Nagar "koil Street" has seen several revisions over the years. In 2007, the value was Rs 850 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012, marking a 171% rise. However, from 2012 to 2017, the value decreased to Rs 1,541 per sq.ft, a decline of 33%. The value then rose again to Rs 2,300 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,500 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 194%.

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, placing the 2024 figure for Padi Pudu Nagar "koil Street" below that median.

• PADI PUDU NAGAR 9th STREET: Rs 2,500 per sq.ft (2024)
• Padi Pudu Nagar Main Road: Rs 2,900 per sq.ft (2024)
• PADI PUDU NAGAR 8th STREET: Rs 2,500 per sq.ft (2024)
• Padi Pudu Nagar "medi Mix Avenue": Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 7th STREET: Rs 2,500 per sq.ft (2024)
• Padi Pudu Nagar "m.G.R.Nagar": Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Padi Pudu Nagar "koil Street"

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty, charged at 7%, would amount to Rs 1,75,000, while the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Padi Pudu Nagar "koil Street"?

The Sub Registrar Office that covers Padi Pudu Nagar "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 an essential factor when registering property transactions in Padi. It serves as a baseline for calculating stamp duty and registration fees, ensuring that these fees are based on a recognized value rather than arbitrary figures.

When you buy or sell property, the guideline value helps determine the official value of the property for legal and financial purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Padi Pudu Nagar "koil Street"?

The current guideline value of Padi Pudu Nagar "koil Street" is Rs 2,500 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 850 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, reflecting various increases and one decrease over the years.

What is the land classification for Padi Pudu Nagar "koil Street"?

Padi Pudu Nagar "koil Street" is classified under Residential Class V Type - I land classification.

Where can I find the Sub Registrar Office for Padi Pudu Nagar "koil Street"?

The Sub Registrar Office for Padi Pudu Nagar "koil Street" is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated on properties in Padi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 25,00,000, the stamp duty would be 7% of that amount.