Guideline Value

Corporate

Guideline Value for PADMAVATHI NAGAR

₹330/sq.ft.

The guideline value for Padmavathi Nagar in Athipattu village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Athipattu

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Padmavathi Nagar

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Padmavathi Nagar guideline value

The current guideline value of Padmavathi Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Padmavathi Nagar has changed

The guideline value for Padmavathi Nagar has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 201 per sq.ft. This value increased significantly in the following years, reaching Rs 300 per sq.ft in the 2023 revision, and then rising to Rs 330 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for Padmavathi Nagar. The increase from 2017 to 2023 was 49%, reflecting the changes in the guideline value over these years.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the 2024 figure for Padmavathi Nagar. Below are the guideline values for other streets in Athipattu:

Stamp duty and registration fee for property in Padmavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total cost for these fees Rs 29,700. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Padmavathi Nagar?

The Sub Registrar Office that covers Padmavathi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Athipattu. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer and seller must adhere to the guideline value to ensure compliance with legal requirements. The guideline value is used to calculate the stamp duty, which is a percentage of the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Padmavathi Nagar?

The current guideline value of Padmavathi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Athipattu?

Other streets in Athipattu, such as New Balaji Nagar, Nethaji Street, and Nandanar Street, also have a guideline value of Rs 330 per sq.ft in 2024. This value reflects the median guideline value for the area.

What fees are associated with buying property in Padmavathi Nagar?

When buying property in Padmavathi Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For a property valued at Rs 3,30,000, the total fees would be Rs 29,700.

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

The Thiruvottiyur Sub Registrar Office covers Padmavathi Nagar and is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles all registration processes for the area.