Guideline Value for Padavattamman Koil Street

Padavattamman Koil Street guideline value

The current guideline value of Padavattamman Koil Street is Rs 700 per sq.ft, as per the 2023 revision. This street is located in Nallur_2 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 Street has changed

The guideline value for Padavattamman Koil Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 469 per sq.ft. In the 2023 revision, this value increased to Rs 700 per sq.ft, marking a significant change of +49% from the previous figure.

There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only available revisions are from 2017 and 2023.

Guideline values in Nallur_2

Currently, there are no other guideline values provided for streets in Nallur_2. Padavattamman Koil Street is the only street mentioned under the Redhills SRO.

Stamp duty and registration fee for property in Padavattamman Koil 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, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. Duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Padavattamman Koil Street?

Padavattamman Koil Street is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Nallur_2

When buying or selling property in Nallur_2, the guideline value is an essential factor during the registration process. It is used to assess the stamp duty and registration fees applicable to the transaction.

The guideline value serves as a benchmark for property transactions, ensuring that the fees are calculated based on an official valuation rather than the negotiated sale price, which may vary.

Frequently asked questions

What is the current guideline value for Padavattamman Koil Street?

The current guideline value for Padavattamman Koil 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 for Padavattamman Koil Street has increased by +49%, from Rs 469 per sq.ft to Rs 700 per sq.ft in 2023.

Are there any guideline values for other streets in Nallur_2?

Currently, there are no other guideline values provided for streets in Nallur_2. Padavattamman Koil Street is the only street mentioned under the Redhills SRO.

What is the stamp duty rate for property transactions in Padavattamman Koil Street?

The stamp duty rate for property transactions in Padavattamman Koil Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Padavattamman Koil Street?

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