Guideline Value for Padavattamman Koil 1st Cross Street

Padavattamman Koil 1st Cross Street guideline value

The current guideline value for Padavattamman Koil 1st Cross Street is Rs 700 per sq.ft. This street is located in Nallur_2 village, under the jurisdiction of 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

In the 2017 revision, the guideline value for Padavattamman Koil 1st Cross Street was Rs 469 per sq.ft. This figure increased to Rs 700 per sq.ft in the 2023 revision, marking a significant change of +49% over the six-year period.

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street, indicating that the guideline value was not established in those revisions.

Guideline values in Nallur_2

Currently, there are no specific village figures provided for Nallur_2. Padavattamman Koil 1st Cross Street is the only street mentioned under the Redhills SRO.

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

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, while the registration fee at 2% would be Rs 14,000, leading to a total of Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Padavattamman Koil 1st Cross Street is the Redhills Sub Registrar Office. The address is 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_2

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

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

The current guideline value for Padavattamman Koil 1st Cross Street is Rs 700 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 700 per sq.ft, which is a change of +49%.

Are there any guideline values for previous years?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Padavattamman Koil 1st Cross Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total stamp duty and registration fees would amount to Rs 63,000, which includes Rs 49,000 for stamp duty and Rs 14,000 for registration.

Where is the Sub Registrar Office for Padavattamman Koil 1st Cross Street?

The Redhills Sub Registrar Office covers Padavattamman Koil 1st Cross Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.