Guideline Value for PADI PUDU NAGAR 10th STREET

PADI PUDU NAGAR 10th STREET guideline value

The current guideline value of PADI PUDU NAGAR 10th 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 is classified as Residential Class V Type - I.

How the guideline value of PADI PUDU NAGAR 10th STREET has changed

The guideline value for PADI PUDU NAGAR 10th STREET has undergone several revisions over the years. In the 2007 revision, the value was Rs 850 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012. However, it saw a decrease to Rs 1,541 per sq.ft in the 2017 revision. The following year, 2023, marked an increase to Rs 2,300 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,500 per sq.ft.

Examining the changes, from 2007 to 2012, there was a notable increase of 171%. However, from 2012 to 2017, the value decreased by 33%. The value then rose by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024. Overall, the guideline value has increased by 194% from 2007 to 2024.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO that have 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. The guideline value of PADI PUDU NAGAR 10th STREET is below this median.

• Padi Kuppam "v.O.C.Street": Rs 2,200 per sq.ft (2024)
• PADI PUDU NAGAR 11th STREET: Rs 2,500 per sq.ft (2024)
• Padi Kuppam Road: Rs 6,600 per sq.ft (2024)
• PADI PUDU NAGAR 12th STREET: Rs 2,500 per sq.ft (2024)
• Padi Kuppam "periyar Street": Rs 2,200 per sq.ft (2024)
• PADI PUDU NAGAR 13th STREET: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in PADI PUDU NAGAR 10th STREET

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 25,00,000. The stamp duty at 7% amounts to Rs 1,75,000, while the registration fee at 2% is Rs 50,000, making the total Rs 2,25,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers PADI PUDU NAGAR 10th STREET?

The PADI PUDU NAGAR 10th STREET falls under 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 the registration process of property transactions in Padi. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of PADI PUDU NAGAR 10th STREET?

The current guideline value of PADI PUDU NAGAR 10th 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 seen various changes, starting from Rs 850 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, reflecting an overall increase of 194% from 2007 to 2024.

What is the land classification for PADI PUDU NAGAR 10th STREET?

PADI PUDU NAGAR 10th STREET is classified as Residential Class V Type - I, indicating its suitability for residential development.

What other streets in Padi have similar guideline values?

Other streets in Padi with similar guideline values include PADI PUDU NAGAR 11th STREET, 12th STREET, and 13th STREET, all valued at Rs 2,500 per sq.ft in 2024.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more details through the provided link to locate your SRO.