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Guideline Value

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Guideline Value for Padavattamman Koil 1st Cross Street

₹770/sq.ft.

The guideline value for Padavattamman Koil 1st Cross Street in Nallur village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nallur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Padavattamman Koil 1st Cross Street

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Padavattamman Koil 1st Cross Street guideline value

The current guideline value of Padavattamman Koil 1st Cross Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Nallur village and falls under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Padavattamman Koil 1st Cross Street has changed

Over the years, the guideline value for Padavattamman Koil 1st Cross Street has seen several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 700 per sq.ft, and the most recent 2024 revision has set it at Rs 770 per sq.ft, marking a 10% increase from the previous year.

In total, from the 2007 revision to the 2024 revision, the guideline value has increased by 93%. Notably, there are no figures available in the register for the years 2002 and 2003 for this street.

Guideline values in Nallur

Nallur village has a range of guideline values across its 39 streets under the Redhills SRO, with values varying from Rs 440 to Rs 1,650 per sq.ft. The median guideline value in Nallur is Rs 550 per sq.ft, placing Padavattamman Koil 1st Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Padavattamman Koil 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Therefore, the total cost for these fees would be Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Padavattamman Koil 1st Cross Street?

The Sub Registrar Office covering Padavattamman Koil 1st Cross Street is the Redhills Sub Registrar Office, located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs for the buyer. This ensures transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Padavattamman Koil 1st Cross Street?

The current guideline value of Padavattamman Koil 1st Cross Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 400 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, representing an overall increase of 93% over this period.

What is the median guideline value in Nallur?

The median guideline value in Nallur is Rs 550 per sq.ft, with Padavattamman Koil 1st Cross Street's 2024 figure being above this median.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Nallur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 at a rate of 7%.