Guideline Value for PADMAVATHI AMMAL NAGAR

Padmavathi Ammal Nagar guideline value

The current guideline value of Padmavathi Ammal Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Periyaveppthur village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Padmavathi Ammal Nagar has changed

In the 2017 revision, the guideline value was set at Rs 67 per sq.ft. This figure increased significantly to Rs 100 per sq.ft in the 2023 revision, marking a 49% rise. The 2024 revision has maintained the guideline value at Rs 100 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Padmavathi Ammal Nagar. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Periyaveppthur

In Periyaveppthur, there are 7 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 223 per sq.ft, with a median value of Rs 150 per sq.ft. Padmavathi Ammal Nagar's 2024 figure of Rs 100 per sq.ft is below this median.

• Ponneri Athisayam: Rs 150 per sq.ft (2024)
• Siddhar Ponnar Nagar: Rs 100 per sq.ft (2024)
• J J Smart City: Rs 223 per sq.ft (2024)
• Happy Home Garden: Rs 100 per sq.ft (2024)
• Sitthar Ponneri Nagar-II Alias Gomathi Amman Nagar: Rs 150 per sq.ft (2024)
• Sri Mariyamman Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Padmavathi Ammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 Padmavathi Ammal Nagar?

Padmavathi Ammal Nagar is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Periyaveppthur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair price. This helps in maintaining transparency and accountability in the real estate market.

Frequently asked questions

What is the current guideline value of Padmavathi Ammal Nagar?

The current guideline value of Padmavathi Ammal Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and has remained the same in 2024, showing a total increase of 49% from 2017 to 2024.

What is the land classification of Padmavathi Ammal Nagar?

Padmavathi Ammal Nagar is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Padmavathi Ammal Nagar?

The Sub Registrar Office covering Padmavathi Ammal Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Padmavathi Ammal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 100 per sq.ft would incur a total of Rs 9,000 in stamp duty and registration fees.