Guideline Value for PADMANABHA PILLAI STREET

Padmanabha Pillai Street guideline value

The current guideline value of Padmanabha Pillai Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Padmanabha Pillai Street has changed

The guideline value for Padmanabha Pillai Street has undergone several revisions over the years. In 2007, the guideline value was set at Rs 1,650 per sq.ft. This figure saw a significant increase to Rs 5,300 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 has raised the guideline value to Rs 5,800 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 252%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, which is equal to the 2024 figure for Padmanabha Pillai Street.

• Padmanabha Nagar Main Road: Rs 5,000 per sq.ft (2024)
• Padmanabha Nagar: Rs 5,000 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 Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total cost for these fees to Rs 5,22,000. It is important to note that the 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 Padmanabha Pillai Street?

The Sub Registrar Office that covers Padmanabha Pillai Street 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 the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Padmanabha Pillai Street?

The current guideline value of Padmanabha Pillai Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,650 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, which is a total increase of 252% over the years.

Are there any years with no guideline values for Padmanabha Pillai Street?

Yes, there are no figures available for the years 2002, 2003, and 2017 for Padmanabha Pillai Street.

What is the registration fee for property in Padmanabha Pillai Street?

The registration fee is calculated based on the guideline value or sale price, whichever is higher. For example, a property valued at Rs 58,00,000 would incur a registration fee of Rs 1,16,000 at 2%.

Where is the Sub Registrar Office for Padmanabha Pillai Street located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.