Guideline Value for PADI PUDU NAGAR 4th STREET

PADI PUDU NAGAR 4th STREET guideline value

The current guideline value for PADI PUDU NAGAR 4th STREET is Rs 2,500 per sq.ft. 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 4th STREET has changed

The guideline value for PADI PUDU NAGAR 4th STREET has seen several revisions over the years. The earliest recorded figure is from 2007, with a guideline value of Rs 850 per sq.ft. This increased significantly to Rs 2,300 per sq.ft in 2012, followed by a decrease to Rs 1,541 per sq.ft in 2017. From 2017 to 2023, the value rose sharply to Rs 2,300 per sq.ft, and the latest revision in 2024 has set the guideline value at Rs 2,500 per sq.ft, reflecting a 9% increase from the previous year.

In summary, the changes in guideline value from 2007 to 2024 indicate a substantial overall increase of 194%. The values for the years without a recorded figure in the register are 2002 and 2003, which do not have any figures for this street.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, placing PADI PUDU NAGAR 4th STREET below this median.

• PADI PUDU NAGAR 3rd STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 5th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 2nd STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 6th STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 1st STREET: Rs 2,500 per sq.ft (2024)
• PADI PUDU NAGAR 7th STREET: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in PADI PUDU NAGAR 4th 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 at 7% would be 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 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 4th STREET?

The Sub Registrar Office that covers PADI PUDU NAGAR 4th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 a crucial factor when registering property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a property transaction, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are paid to the government. This process is essential for maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of PADI PUDU NAGAR 4th STREET?

The current guideline value of PADI PUDU NAGAR 4th STREET is Rs 2,500 per sq.ft as per the 2024 revision.

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, indicating an overall increase of 194% over the years.

Which Sub Registrar Office should I visit for transactions in PADI PUDU NAGAR 4th STREET?

The Villivakkam Sub Registrar Office covers PADI PUDU NAGAR 4th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for properties 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.

Where can I find more information about stamp duty and registration fees?

More information can be found using the stamp duty and registration fee calculator.