Guideline Value for PADI PUDU NAGAR 13th STREET

PADI PUDU NAGAR 13th STREET guideline value

The current guideline value of PADI PUDU NAGAR 13th 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 13th STREET has changed

The guideline value for PADI PUDU NAGAR 13th STREET has seen 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 171% increase. However, from 2012 to 2017, the value decreased to Rs 1,541 per sq.ft, a drop of 33%. The value then rose 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.

The register has no figures for PADI PUDU NAGAR 13th STREET for the years 2002 and 2003. 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 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 PUDU NAGAR 13th STREET's 2024 guideline value is below this median.

• PADI PUDU NAGAR 12th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 14th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 11th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 15th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 10th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 16th STREET: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in PADI PUDU NAGAR 13th 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 fees 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 details.

Which Sub Registrar Office covers PADI PUDU NAGAR 13th STREET?

The Sub Registrar Office that covers PADI PUDU NAGAR 13th 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 property transactions in Padi. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of PADI PUDU NAGAR 13th STREET?

The current guideline value of PADI PUDU NAGAR 13th 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, marking an overall increase of 194% over the years.

What are the stamp duty and registration fees for properties in PADI PUDU NAGAR 13th 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 office handles registrations for PADI PUDU NAGAR 13th STREET?

The Villivakkam Sub Registrar Office handles registrations for PADI PUDU NAGAR 13th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for PADI PUDU NAGAR 13th STREET?

PADI PUDU NAGAR 13th STREET is classified as Residential Class V Type - I, indicating its designation for residential purposes within the area.