Guideline Value for Padasalai Cross Street 1,2,3,4,5,6,7

Padasalai Cross Street 1,2,3,4,5,6,7 guideline value

The current guideline value for Padasalai Cross Street 1,2,3,4,5,6,7 is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class V Type - I.

How the guideline value of Padasalai Cross Street 1,2,3,4,5,6,7 has changed

The guideline value has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 500 per sq.ft. In 2017, it decreased to Rs 335 per sq.ft, reflecting a change of -33%. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase of 10% from the previous year.

There are no figures available for Padasalai Cross Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 935 per sq.ft. Padasalai Cross Street 1,2,3,4,5,6,7's 2024 figure is below this median.

• Padasalai Cross Street: Rs 550 per sq.ft (2024)
• Padasalai Street: Rs 1,100 per sq.ft (2024)
• Othavadai Street: Rs 1,485 per sq.ft (2024)
• Othavadai Cross Street: Rs 1,100 per sq.ft (2024)
• Othavadai 1st Cross Street: Rs 1,100 per sq.ft (2024)
• Old Arts Collage Road, East side, West side: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Padasalai Cross Street 1,2,3,4,5,6,7

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. 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 Padasalai Cross Street 1,2,3,4,5,6,7?

The Sub Registrar Office that covers Padasalai Cross Street 1,2,3,4,5,6,7 is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical reference point for property transactions in Mamallapuram. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This ensures that the government collects the appropriate taxes based on the property's assessed value.

When registering a property, the guideline value serves as a baseline for calculating the costs involved. Buyers and sellers must be aware of this value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value for Padasalai Cross Street 1,2,3,4,5,6,7?

The current guideline value for Padasalai Cross Street 1,2,3,4,5,6,7 is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Padasalai Cross Street 1,2,3,4,5,6,7?

Padasalai Cross Street 1,2,3,4,5,6,7 is classified as Residential Class V Type - I.

Which Sub Registrar Office is responsible for this street?

The Thirukazhukundram Sub Registrar Office is responsible for Padasalai Cross Street 1,2,3,4,5,6,7, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Padasalai Cross Street 1,2,3,4,5,6,7?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 38,500.