Guideline Value for PADI PUDU NAGAR 12th STREET

PADI PUDU NAGAR 12th STREET guideline value

The current guideline value of PADI PUDU NAGAR 12th 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 12th STREET has changed

The guideline value for PADI PUDU NAGAR 12th STREET has undergone several revisions over the years. In 2007, the guideline value was Rs 850 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012, marking a rise of 171%. However, it then decreased to Rs 1,541 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 2,300 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 2,500 per sq.ft, an increase of 9% from the previous year.

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, there are 354 streets under the Villivakkam SRO that have a guideline value for 2024, 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 the 2024 guideline value of PADI PUDU NAGAR 12th STREET is below this median.

• PADI PUDU NAGAR 11th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 13th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 10th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 14th STREET: Rs 2,500 per sq.ft (2024)
• Padi Kuppam "v.O.C.Street": Rs 2,200 per sq.ft (2024)
• PADI PUDU NAGAR 15th STREET: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in PADI PUDU NAGAR 12th 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 at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total charges to 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PADI PUDU NAGAR 12th STREET?

The Sub Registrar Office that covers PADI PUDU NAGAR 12th 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 critical factor in property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. The guideline value is set by the government and reflects the minimum value at which properties can be registered.

When engaging in a property transaction, it is essential to be aware of the guideline value, as it influences the overall costs involved in the registration process. Buyers and sellers should ensure that they are informed about the latest guideline values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of PADI PUDU NAGAR 12th STREET?

The current guideline value of PADI PUDU NAGAR 12th 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 from Rs 850 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, reflecting an overall increase of 194% over the years.

What are the stamp duty and registration fees for property in PADI PUDU NAGAR 12th STREET?

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which Sub Registrar Office covers PADI PUDU NAGAR 12th STREET?

The Villivakkam Sub Registrar Office covers PADI PUDU NAGAR 12th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of PADI PUDU NAGAR 12th STREET?

PADI PUDU NAGAR 12th STREET is classified as Residential Class V Type - I.