Guideline Value for Padavattamman Koil Road

Padavattamman Koil Road guideline value

The current guideline value of Padavattamman Koil Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Padavattamman Koil Road has changed

The guideline value for Padavattamman Koil Road has seen several revisions over the years. In the 2007 revision, the value was set at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision. However, the 2017 revision marked a significant drop to Rs 804 per sq.ft, before rising to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision has increased the value to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO, with guideline values in 2024 ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Padavattamman Koil Road's 2024 figure below the median.

• Old Pumping Station Road: Rs 2,200 per sq.ft (2024)
• Old Jail Road: Rs 1,600 per sq.ft (2024)
• Old Glass Factory Road: Rs 2,200 per sq.ft (2024)
• Old Amarvathi Puram: Rs 1,300 per sq.ft (2024)
• Old Amaranjipuram Street: Rs 1,300 per sq.ft (2024)
• Old Amaranjipuram(Back): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Padavattamman Koil Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000. Together, the total cost for these fees would be Rs 1,17,000. 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 more details.

Which Sub Registrar Office covers Padavattamman Koil Road?

The Sub Registrar Office that covers Padavattamman Koil Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value is an essential aspect of property transactions in Tondaiarpet, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any disputes or issues that may arise from undervaluation or overvaluation of the property.

Frequently asked questions

What is the current guideline value of Padavattamman Koil Road?

The current guideline value of Padavattamman Koil Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

What is the median guideline value for streets in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, which is higher than the current value of Padavattamman Koil Road.

What are the stamp duty and registration fees for properties in Padavattamman Koil Road?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office located for Padavattamman Koil Road?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.