Guideline Value for Pada Salai 6th Cross Street

Pada Salai 6th Cross Street guideline value

The current guideline value of Pada Salai 6th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar Sub Registrar Office. The land classification for this area is Residential Class III Type - III.

How the guideline value of Pada Salai 6th Cross Street has changed

The guideline value for Pada Salai 6th Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 400%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is an increase of 64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by 450%.

It is important to note that there are no figures available for the revisions in 2023, 2003, and 2002 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, positioning the 2024 value of Pada Salai 6th Cross Street below this median.

• Pada Salai 5th Cross Street: Rs 4,400 per sq.ft (2024)
• Pada Salai 7th Cross Street: Rs 4,400 per sq.ft (2024)
• Pada Salai 8th Cross Street: Rs 4,400 per sq.ft (2024)
• Pada Salai 4th Cross Street: Rs 4,400 per sq.ft (2024)
• Pada Salai 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Pada Salai 2nd Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pada Salai 6th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total charges Rs 3,96,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pada Salai 6th Cross Street?

The Ashok Nagar Sub Registrar Office covers Pada Salai 6th Cross Street. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable taxes and fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pada Salai 6th Cross Street?

The current guideline value of Pada Salai 6th Cross Street is Rs 4,400 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 800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with various revisions in between.

What is the land classification for this street?

The land classification for Pada Salai 6th Cross Street is Residential Class III Type - III.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for this street?

The Ashok Nagar Sub Registrar Office handles registrations for Pada Salai 6th Cross Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.