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Guideline Value

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Guideline Value for PADI PUDU NAGAR 7th STREET

₹2500/sq.ft.

The guideline value for Padi Pudu Nagar 7th 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 7th Street

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PADI PUDU NAGAR 7th STREET guideline value

The current guideline value of PADI PUDU NAGAR 7th 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 7th STREET has changed

The guideline value for PADI PUDU NAGAR 7th STREET has seen several revisions over the years. The 2007 revision set the value at Rs 850 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012, marking a rise of 171%. However, the value dropped to Rs 1,541 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The 2023 revision brought the value up to Rs 2,300 per sq.ft, and the most recent 2024 revision has set it at Rs 2,500 per sq.ft, indicating a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, 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 is Rs 3,800 per sq.ft, which means that the 2024 guideline value for PADI PUDU NAGAR 7th STREET is below the median.

Stamp duty and registration fee for property in PADI PUDU NAGAR 7th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the 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, totaling 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 information.

Which Sub Registrar Office covers PADI PUDU NAGAR 7th STREET?

The Sub Registrar Office that covers PADI PUDU NAGAR 7th 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 in property transactions within Padi. When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of PADI PUDU NAGAR 7th STREET?

The current guideline value of PADI PUDU NAGAR 7th 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 undergone several revisions, increasing from Rs 850 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, which is a total increase of 194% over the years.

What are the other streets in Padi with the same guideline value?

Other streets in Padi that share the same guideline value of Rs 2,500 per sq.ft for 2024 include PADI PUDU NAGAR 6th STREET, 8th STREET, 5th STREET, 9th STREET, 4th STREET, and Padi Pudu Nagar "koil Street."

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in PADI PUDU NAGAR 7th STREET?

Stamp duty for properties in PADI PUDU NAGAR 7th STREET is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 25,00,000 would incur a stamp duty of Rs 1,75,000.