Guideline Value for PADMANABAN ST

Padmanaban St guideline value

The current guideline value of Padmanaban St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Padmanaban St has changed

Over the years, the guideline value of Padmanaban St has seen several revisions. The earliest recorded revision was in 2012, where the value was Rs 850 per sq.ft. In 2017, it decreased to Rs 569 per sq.ft, marking a decline of 33%. The value increased to Rs 850 per sq.ft again in 2023, and then rose by 10% to Rs 935 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 concerning this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is equal to the current value of Padmanaban St.

• O.P.Raman St: Rs 1,310 per sq.ft (2024)
• O.C.F.Road: Rs 1,310 per sq.ft (2024)
• Pandit Nehru Lane: Rs 800 per sq.ft (2024)
• Pandit Nehur St: Rs 800 per sq.ft (2024)
• Pandiyan St: Rs 935 per sq.ft (2024)
• N.M.Road: Rs 2,910 per sq.ft (2024)

Stamp duty and registration fee for property in Padmanaban St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value is Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total cost for these fees to Rs 84,150. 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 Padmanaban St?

The Sub Registrar Office that covers Padmanaban St is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vilingiyambakkam. It serves as a base for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the minimum value at which a property can be registered.

When a property is sold, the guideline value helps determine the official sale price for taxation purposes. It is essential for buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Padmanaban St?

The current guideline value of Padmanaban St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Padmanaban St has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the median guideline value in Vilingiyambakkam?

The median guideline value in Vilingiyambakkam is Rs 935 per sq.ft, which is the same as the current value for Padmanaban St.

What fees are associated with purchasing property on Padmanaban St?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,35,000. The stamp duty is Rs 65,450, and the registration fee is Rs 18,700, making the total fees Rs 84,150.

Where is the Sub Registrar Office for Padmanaban St located?

The Sub Registrar Office covering Padmanaban St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.