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Guideline Value

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Guideline Value for Padasalai Street (1-5 st)

₹2200/sq.ft.

The guideline value for Padasalai Street (1-5 St) in Adayalampattu village (Chennai South Joint Ii SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adayalampattu

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Padasalai Street (1-5 St)

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Padasalai Street (1-5 st) guideline value

The current guideline value of Padasalai Street (1-5 st) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Adayalampattu village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Padasalai Street (1-5 st) has changed

The guideline value of Padasalai Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 2,000 per sq.ft. This figure then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023 and further to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value rose by 49% from 2017 to 2023, while it saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figure for Padasalai Street in the years 2002, 2003, and 2007.

Guideline values in Adayalampattu

Adayalampattu village has 19 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 3,850 per sq.ft, with a median value of Rs 2,420 per sq.ft. The guideline value of Padasalai Street is below this median.

Stamp duty and registration fee for property in Padasalai Street (1-5 st)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Padasalai Street (1-5 st)?

The Sub Registrar Office that covers Padasalai Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Adayalampattu. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the guideline value can impact the overall cost of property transactions significantly.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used for calculating the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Padasalai Street?

The current guideline value of Padasalai Street (1-5 st) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and is now Rs 2,200 per sq.ft in 2024.

What are the other streets in Adayalampattu?

Other streets in Adayalampattu include Panajsalai Street, Perumal Koil Street, Ponniyamman Koil Street, Millinium Town Road, Metro Royal City, and MCK Nagar, with varying guideline values.

What is the stamp duty for property in Padasalai Street?

The stamp duty for property in Padasalai Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Where is the Sub Registrar Office for Padasalai Street located?

The Sub Registrar Office for Padasalai Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.