Guideline Value for Padavatamman koil East Street

Padavatamman koil East Street guideline value

The current guideline value of Padavatamman koil East Street is Rs 2,500 per sq.ft. This street is located in Chindadripet village, under the Periamet SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Padavatamman koil East Street has changed

The guideline value register for Padavatamman koil East Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,500 per sq.ft, effective from 1 July 2024.

Since there are no figures for the previous years, it is clear that the guideline value has remained at Rs 2,500 per sq.ft in the 2024 revision without any changes from earlier years.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry 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 of Padavatamman koil East Street is below this median.

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

Stamp duty and registration fee for property in Padavatamman koil East 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, bringing the total to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Padavatamman koil East Street?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chindadripet. It determines the amount of stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Padavatamman koil East Street?

The current guideline value of Padavatamman koil East Street is Rs 2,500 per sq.ft, as per the 2024 revision effective from 1 July 2024.

What is the land classification for Padavatamman koil East Street?

Padavatamman koil East Street is classified as Residential Class IV Type - I, indicating its designation for residential use.

How many streets in Chindadripet have a guideline value in 2024?

There are 98 streets in Chindadripet under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,500 to Rs 18,100 per sq.ft.

What is the stamp duty rate for properties in Padavatamman koil East Street?

The stamp duty rate for properties in Padavatamman koil East Street is 7%, which is calculated on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Padavatamman koil East Street located?

The Sub Registrar Office for Padavatamman koil East Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.