Guideline Value for PADMANABHA NAGAR MAIN ROAD

Padmanabha Nagar Main Road guideline value

The current guideline value of Padmanabha Nagar Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This road is situated in Puliyur village, under the jurisdiction of the Kodambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Padmanabha Nagar Main Road has changed

The guideline value for Padmanabha Nagar Main Road has seen several revisions over the years. In 2007, the guideline value was set at Rs 1,200 per sq.ft, which increased significantly to Rs 4,600 per sq.ft in 2012, marking a substantial rise of 283%. This value remained unchanged in the 2023 revision, still at Rs 4,600 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 5,000 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 317%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing the 2024 value of Padmanabha Nagar Main Road below this median.

• Padmanabha Nagar: Rs 5,000 per sq.ft (2024)
• Padmanabha Pillai Street: Rs 5,800 per sq.ft (2024)
• Palaniappan Street: Rs 3,800 per sq.ft (2024)
• Othavadai Street: Rs 4,400 per sq.ft (2024)
• Palli Salai: Rs 5,300 per sq.ft (2024)
• N.T.R. Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Padmanabha Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total cost for these fees Rs 4,50,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Padmanabha Nagar Main Road?

The Sub Registrar Office that covers Padmanabha Nagar Main Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Puliyur, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Padmanabha Nagar Main Road?

The current guideline value of Padmanabha Nagar Main Road is Rs 5,000 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 1,200 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, with notable increases in 2012 and 2024 revisions.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which office handles property registrations for Padmanabha Nagar Main Road?

The Kodambakkam Sub Registrar Office handles property registrations for Padmanabha Nagar Main Road, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, while Padmanabha Nagar Main Road's current value is below this median at Rs 5,000 per sq.ft.