Guideline Value for PADMAVATHY NAGAR

Padmavathy Nagar guideline value

The current guideline value of Padmavathy Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in the Cheyyur village under the Cheyyur Sub Registrar Office (SRO), with a land classification of Residential Special Type - II.

How the guideline value of Padmavathy Nagar has changed

According to the guideline value register, there have been no figures recorded for Padmavathy Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value has remained consistent at Rs 400 per sq.ft for both the 2023 and 2024 revisions, indicating a change of +0% from 2023 to 2024.

This consistency suggests that there have been no fluctuations in the guideline value for this street over the past two years, maintaining the same rate as established in the previous revision.

Guideline values in Cheyyur - D And E

Padmavathy Nagar shares the same guideline value as other streets in Cheyyur - D And E. The current guideline value for this area is Rs 400 per sq.ft. Below are the guideline values for other streets in Cheyyur - D And E:

• Saravana Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Padmavathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000. It is important to note that the 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 Padmavathy Nagar?

The Sub Registrar Office that covers Padmavathy Nagar is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Cheyyur - D And E

The guideline value is a crucial factor when buying or selling property in Cheyyur - D And E. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process.

When a property transaction occurs, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications associated with the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of Padmavathy Nagar?

The current guideline value of Padmavathy Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Padmavathy Nagar has remained consistent at Rs 400 per sq.ft for the revisions in 2023 and 2024. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Padmavathy Nagar?

Padmavathy Nagar is classified as Residential Special Type - II according to the guideline value register.

Where can I find the Cheyyur Sub Registrar Office?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is stamp duty calculated in Padmavathy Nagar?

Stamp duty in Padmavathy Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 4,00,000, leading to a stamp duty of Rs 28,000 at 7%.