Guideline Value for PADISONPURAM LANE

Padisonpuram Lane guideline value

The current guideline value of Padisonpuram Lane is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Padisonpuram Lane has changed

The guideline value for Padisonpuram Lane has seen several revisions over the years. In 2003, the value was Rs 531 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a 13% rise. The value then surged significantly to Rs 3,000 per sq.ft in 2012, representing a 400% increase. However, it dropped to Rs 2,010 per sq.ft in 2017, which was a decrease of 33%. The most recent revision in 2024 has set the guideline value at Rs 3,200 per sq.ft, reflecting a 59% increase from the 2017 figure.

The register does not have figures for the years 2023 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 503%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Padisonpuram Lane's 2024 figure above that median.

• Padisonpuram: Rs 3,200 per sq.ft (2024)
• Padasalai Street: Rs 2,700 per sq.ft (2024)
• Palani Andavar Koil Street: Rs 4,300 per sq.ft (2024)
• Palani Andavar Koil Street Extension: Rs 4,300 per sq.ft (2024)
• Palani Mudali Street: Rs 3,800 per sq.ft (2024)
• Palla 1st Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Padisonpuram Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total to Rs 2,88,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Padisonpuram Lane?

Padisonpuram Lane falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees payable to the government, ensuring that these costs are aligned with the current market conditions.

When engaging in a property transaction, buyers and sellers must be aware that the guideline value will be referenced during registration. This ensures that the property is valued accurately for taxation purposes, reflecting its worth in the current market.

Frequently asked questions

What is the current guideline value of Padisonpuram Lane?

The current guideline value of Padisonpuram Lane is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 531 per sq.ft in 2003 to Rs 3,200 per sq.ft in 2024, marking an overall increase of 503% over the years.

What are the stamp duty and registration fees for properties in Padisonpuram Lane?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,88,000, based on the guideline value of Rs 32,00,000.

Which Sub Registrar Office is responsible for Padisonpuram Lane?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, is responsible for Padisonpuram Lane.

Are there other streets in Perambur with guideline values?

Yes, there are several other streets in Perambur under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft.