Guideline Value for PADI PUDU NAGAR 19th STREET

PADI PUDU NAGAR 19th STREET guideline value

The current guideline value of PADI PUDU NAGAR 19th 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 19th STREET has changed

The guideline value for PADI PUDU NAGAR 19th 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. However, it saw a decrease to Rs 1,541 per sq.ft in 2017. The value then rose to Rs 2,300 per sq.ft in 2023, before reaching the current value of Rs 2,500 per sq.ft in 2024.

Notably, the changes between revisions show a +171% increase from 2007 to 2012, followed by a -33% decrease from 2012 to 2017. The value increased by +49% from 2017 to 2023, and then by +9% from 2023 to 2024. The overall change from 2007 to 2024 is +194%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Padi

In Padi, 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, making PADI PUDU NAGAR 19th STREET's 2024 figure below that median.

• PADI PUDU NAGAR 18th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 1st STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 17th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 2nd STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 16th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 3rd STREET: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in PADI PUDU NAGAR 19th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty, charged at 7%, would be 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 duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PADI PUDU NAGAR 19th STREET?

The Sub Registrar Office that covers PADI PUDU NAGAR 19th 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 details.

How the guideline value is used when you buy or sell in Padi

The guideline value is an important factor when buying or selling property in Padi, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of PADI PUDU NAGAR 19th STREET?

The current guideline value of PADI PUDU NAGAR 19th 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 are the stamp duty and registration fees for a property in this area?

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 this street?

The Villivakkam Sub Registrar Office covers PADI PUDU NAGAR 19th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of PADI PUDU NAGAR 19th STREET?

PADI PUDU NAGAR 19th STREET is classified as Residential Class V Type - I, indicating its suitability for residential purposes.