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Guideline Value

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Guideline Value for PADI PUDU NAGAR 14th STREET

₹2500/sq.ft.

The guideline value for Padi Pudu Nagar 14th Street in Padi village (Villivakkam SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹850 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Padi Pudu Nagar 14th Street

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PADI PUDU NAGAR 14th STREET guideline value

The current guideline value of PADI PUDU NAGAR 14th STREET is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Padi village and falls under the Villivakkam SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of PADI PUDU NAGAR 14th STREET has changed

Over the years, the guideline value for PADI PUDU NAGAR 14th STREET has seen several revisions. The 2007 revision set the value at Rs 850 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012. However, there was a decrease to Rs 1,541 per sq.ft in 2017. The value then rose to Rs 2,300 per sq.ft in 2023, culminating in the current value of Rs 2,500 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The value rose by 9% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 194%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value is Rs 3,800 per sq.ft, indicating that PADI PUDU NAGAR 14th STREET's 2024 value is below this median.

Stamp duty and registration fee for property in PADI PUDU NAGAR 14th 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, totaling Rs 2,25,000. It is important to note that 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 details.

Which Sub Registrar Office covers PADI PUDU NAGAR 14th STREET?

The Sub Registrar Office that covers PADI PUDU NAGAR 14th 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 plays a crucial role in the registration process when buying or selling property in Padi. It is used to determine the stamp duty and registration fees, ensuring that the transaction is in compliance with the local regulations.

When a property is sold, the guideline value is often used as a benchmark for the transaction value. This means that buyers and sellers must consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of PADI PUDU NAGAR 14th STREET?

The current guideline value of PADI PUDU NAGAR 14th 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, showing an overall increase of 194% over the years.

What is the land classification for PADI PUDU NAGAR 14th STREET?

The land classification for PADI PUDU NAGAR 14th STREET is Residential Class V Type - I.

Where can I find the Sub Registrar Office for PADI PUDU NAGAR 14th STREET?

The Sub Registrar Office for PADI PUDU NAGAR 14th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in PADI PUDU NAGAR 14th STREET?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 at a rate of 7%.