Guideline Value for Padavatamman Koil North Street

Padavatamman Koil North Street guideline value

The current guideline value of Padavatamman Koil North Street is Rs 2,500 per sq.ft. This street is located in Chindadripet village, under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - I.

How the guideline value of Padavatamman Koil North Street has changed

The guideline value register for Padavatamman Koil North Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,500 per sq.ft, effective from 1 July 2024.

Since there are no figures available for the previous revisions, it indicates that the guideline value has remained unchanged in the records for this street. The 2024 revision is the first figure documented for this street.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Padavatamman Koil North Street is below this median.

• Padavatamman koil East Street: Rs 2,500 per sq.ft (2024)
• Padavatamman Kovil 1st lane: Rs 3,300 per sq.ft (2024)
• Padavatamman Koil 1st lane: Rs 2,500 per sq.ft (2024)
• Padavattamman Koil street: Rs 3,300 per sq.ft (2024)
• Padavattamman lane: Rs 3,300 per sq.ft (2024)
• Padavattamman south Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Padavatamman Koil North Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. 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 Padavatamman Koil North Street?

The Sub Registrar Office that covers Padavatamman Koil North Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Chindadripet. It serves as a benchmark for the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the actual sale price. This ensures that all transactions are fairly assessed and that the necessary fees are collected based on the established guideline values.

Frequently asked questions

What is the current guideline value of Padavatamman Koil North Street?

The current guideline value of Padavatamman Koil North Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

What land classification does Padavatamman Koil North Street fall under?

Padavatamman Koil North Street is classified as Residential Class IV Type - I.

How many streets in Chindadripet have a 2024 guideline value?

There are 98 streets in Chindadripet under the Periamet SRO that carry a 2024 guideline value.

What is the median guideline value for streets in Chindadripet?

The median guideline value for streets in Chindadripet is Rs 3,300 per sq.ft for the year 2024.

Where is the Sub Registrar Office for Padavatamman Koil North Street located?

The Sub Registrar Office for Padavatamman Koil North Street is located at 1103, Poonamallee High Road, Chennai-600 003.