Guideline Value for PADI PUDU NAGAR 15th STREET

PADI PUDU NAGAR 15th STREET guideline value

The current guideline value of PADI PUDU NAGAR 15th STREET is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, classified as Residential Class V Type - I.

How the guideline value of PADI PUDU NAGAR 15th STREET has changed

Over the years, the guideline value for PADI PUDU NAGAR 15th STREET has seen several revisions. The 2007 revision set the value at Rs 850 per sq.ft, which then 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, reflecting a 49% increase from the previous revision. The latest revision in 2024 has set the guideline value at Rs 2,500 per sq.ft, which is a 9% increase from 2023.

The register has no figures for the years 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 value for these streets is Rs 3,800 per sq.ft, placing PADI PUDU NAGAR 15th STREET below this median.

• PADI PUDU NAGAR 14th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 16th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 13th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 17th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 12th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 18th STREET: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in PADI PUDU NAGAR 15th 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 to Rs 2,25,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers PADI PUDU NAGAR 15th STREET?

The PADI PUDU NAGAR 15th STREET falls under 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 in property transactions in Padi. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

During the registration process, buyers and sellers must consider the guideline value to avoid any discrepancies. The registration office will refer to this value to assess the applicable fees, which are based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of PADI PUDU NAGAR 15th STREET?

The current guideline value of PADI PUDU NAGAR 15th 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 is the stamp duty rate for properties in PADI PUDU NAGAR 15th STREET?

The stamp duty rate for properties in PADI PUDU NAGAR 15th STREET is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for PADI PUDU NAGAR 15th STREET?

The Sub Registrar Office covering PADI PUDU NAGAR 15th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the registration fees for properties in PADI PUDU NAGAR 15th STREET?

The registration fee for properties in PADI PUDU NAGAR 15th STREET is 2% of the guideline value or the sale price, whichever is higher.