Guideline Value for Padasalai Street

Padasalai Street guideline value

The current guideline value of Padasalai Street in 44.Ayanambakkam village, under the Konnur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Padasalai Street has changed

The guideline value for Padasalai Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has set the value at Rs 1,300 per sq.ft, representing an 8% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median value is Rs 1,300 per sq.ft, which is equal to the guideline value of Padasalai Street.

• Pachaiyappan nagar: Rs 1,300 per sq.ft (2024)
• Padavettamman Koil Street: Rs 1,200 per sq.ft (2024)
• Nova Element 5 Extension I: Rs 6,000 per sq.ft (2024)
• Nova Element 5: Rs 2,130 per sq.ft (2024)
• Nova Aradiya Nagar: Rs 4,000 per sq.ft (2024)
• NolamburRoad: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Padasalai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Padasalai Street?

The Sub Registrar Office that covers Padasalai Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a critical factor during the registration of property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty is charged on either the guideline value or the sale price, whichever is higher, ensuring that the appropriate fees are collected based on the property's value.

Frequently asked questions

What is the current guideline value of Padasalai Street?

The current guideline value of Padasalai Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 62%, moving from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024.

What is the stamp duty rate for properties in Padasalai Street?

The stamp duty rate for properties in Padasalai Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

Are there any years without recorded figures for Padasalai Street?

Yes, the register has no figures for Padasalai Street for the years 2002, 2003, 2007, and 2012.