Guideline Value for Padavatamman Kovil 1st lane

Padavatamman Kovil 1st lane guideline value

The current guideline value of Padavatamman Kovil 1st lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village under the Periamet SRO and is classified as Residential Class III Type - I.

How the guideline value of Padavatamman Kovil 1st lane has changed

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Padavatamman Kovil 1st lane. The most recent revision in 2024 shows the guideline value at Rs 3,300 per sq.ft.

For the 2024 revision, the guideline value for this street matches the median value of Rs 3,300 per sq.ft for the 98 streets in Chindadripet under the Periamet SRO. There have been no changes between the revisions listed above.

Guideline values in Chindadripet

In Chindadripet, the guideline values range from Rs 2,500 to Rs 18,100 per sq.ft, with the median being Rs 3,300 per sq.ft. The guideline value for Padavatamman Kovil 1st lane is equal to this median. Below are other streets in Chindadripet:

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

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value totals Rs 33,00,000. The stamp duty at 7% amounts to Rs 2,31,000, and the registration fee at 2% is Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Padavatamman Kovil 1st lane?

The Sub Registrar Office that covers Padavatamman Kovil 1st lane 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 an essential factor during the registration of property transactions in Chindadripet. It determines the amount of stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is crucial to be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value for Padavatamman Kovil 1st lane?

The current guideline value for Padavatamman Kovil 1st lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for this street. The most recent figure is from the 2024 revision, which is Rs 3,300 per sq.ft.

What is the classification of land in Padavatamman Kovil 1st lane?

Padavatamman Kovil 1st lane is classified as Residential Class III Type - I according to the land classification guidelines.

What are the stamp duty and registration fees for buying property here?

For a property valued at Rs 33,00,000, the stamp duty is Rs 2,31,000, and the registration fee is Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Padavatamman Kovil 1st lane?

The Sub Registrar Office for Padavatamman Kovil 1st lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.