Guideline Value for Pada Salai Street

Pada Salai Street guideline value

The current guideline value of Pada Salai Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Kattupakkam village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pada Salai Street has changed

The guideline value for Pada Salai Street has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 1,900 per sq.ft in 2012, marking a 90% rise. However, this value saw a decrease to Rs 1,273 per sq.ft in 2017, representing a 33% drop. The 2023 revision set the value at Rs 1,900 per sq.ft, which then increased to Rs 2,090 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 109%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kattupakkam

Kattupakkam village has 75 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value is Rs 2,090 per sq.ft, which is the same as the current value for Pada Salai Street.

• Om Sakthi Nagar: Rs 2,090 per sq.ft (2024)
• Palla Street: Rs 2,090 per sq.ft (2024)
• Paventhar Nagar Extension: Rs 2,090 per sq.ft (2024)
• Paventher Nagar: Rs 3,520 per sq.ft (2024)
• Peria Pattu Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar koil Street: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Pada Salai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total fees to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pada Salai Street?

The Sub Registrar Office covering Pada Salai Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattupakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it impacts the overall costs associated with the registration. Buyers and sellers should ensure they are informed about the current rates to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Pada Salai Street?

The current guideline value of Pada Salai Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 109% over the years.

What are the stamp duty and registration fees for property in Pada Salai Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 20,90,000. The stamp duty at 7% is Rs 1,46,300, and the registration fee at 2% is Rs 41,800, totaling Rs 1,88,100.

Which office handles property registrations for Pada Salai Street?

The Kunrathur Sub Registrar Office handles property registrations for Pada Salai Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Pada Salai Street?

Pada Salai Street is classified as Residential Class I Type - I, indicating its suitability for residential development.