Guideline Value for Padavattamman Kovil Street

Padavattamman Kovil Street guideline value

The current guideline value of Padavattamman Kovil Street is Rs 300 per sq.ft, effective from the 2024 revision. This street is located in Podavoor village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - III.

How the guideline value of Padavattamman Kovil Street has changed

Looking at the revisions, the guideline value for Padavattamman Kovil Street has seen several changes over the years. In the 2012 revision, the value was Rs 300 per sq.ft. This figure remained unchanged in the 2017 revision, where it was also Rs 300 per sq.ft. However, in the 2017 revision, the value increased significantly to Rs 201 per sq.ft, marking a 49% increase from the previous revision. The 2023 revision again listed the value at Rs 300 per sq.ft, with no change from the previous year. The current 2024 revision maintains the value at Rs 300 per sq.ft, showing a 0% change from 2023.

It is important to note that there are no figures available for Padavattamman Kovil Street in the revisions for the years 2002, 2003, and 2007.

Guideline values in Podavoor

In Podavoor village, there are 20 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Padavattamman Kovil Street is above this median.

• Padasalai Street: Rs 300 per sq.ft (2024)
• New Colony: Rs 181 per sq.ft (2024)
• Ponjothi Garden: Rs 500 per sq.ft (2024)
• Mantheivelli Street: Rs 305 per sq.ft (2024)
• Kamadenu Forms: Rs 181 per sq.ft (2024)
• SriDevi Green Farms: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Padavattamman Kovil Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, together totaling Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Padavattamman Kovil Street?

The Sub Registrar Office that covers Padavattamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Podavoor. 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 to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process is consistent and transparent.

Frequently asked questions

What is the current guideline value of Padavattamman Kovil Street?

The current guideline value of Padavattamman Kovil Street is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024, showing a 49% increase from 2017 to 2023.

What is the land classification for Padavattamman Kovil Street?

Padavattamman Kovil Street is classified as Residential Special Type - III.

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

The Sub Registrar Office for Padavattamman Kovil Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Padavattamman Kovil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 3,00,000, the total stamp duty and registration fees would amount to Rs 27,000.