Guideline Value for Padavettamman Kovil Street

Padavettamman Kovil Street guideline value

The current guideline value of Padavettamman Kovil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Kanthoor village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Padavettamman Kovil Street has changed

The guideline value for Padavettamman Kovil Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. This figure remained unchanged in the 2017 revision, where it was also Rs 150 per sq.ft. However, in the 2017 revision, the value had previously been Rs 100 per sq.ft in 2012, reflecting a 50% increase from that year. The 2023 revision again recorded the value at Rs 150 per sq.ft, with no change from the previous year. The current 2024 revision maintains this figure at Rs 150 per sq.ft, indicating a 0% change from 2023.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same, with no net change.

Guideline values in Kanthoor

In Kanthoor village, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft. The median value for these streets is Rs 181 per sq.ft, placing Padavettamman Kovil Street's 2024 figure below this median.

• Periya Street: Rs 150 per sq.ft (2024)
• Mother Teresa Nagar: Rs 500 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)
• Marutham Nagar: Rs 700 per sq.ft (2024)
• Road Street: Rs 200 per sq.ft (2024)
• Kottaikara Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Padavettamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty, charged at 7%, would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total amount for these fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Padavettamman Kovil Street?

The Sub Registrar Office that covers Padavettamman 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 Kanthoor

The guideline value is a crucial reference point used during the registration of property transactions in Kanthoor. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Padavettamman Kovil Street?

The current guideline value of Padavettamman Kovil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a 50% increase from Rs 100 per sq.ft in 2017. There were no figures available for 2002, 2003, and 2007.

What are the other guideline values in Kanthoor?

In Kanthoor, the guideline values range from Rs 150 to Rs 700 per sq.ft, with a median of Rs 181 per sq.ft. Padavettamman Kovil Street's value is below this median.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 1,50,000, the stamp duty is Rs 10,500 and the registration fee is Rs 3,000, totaling Rs 13,500.

Which office handles registrations for Padavettamman Kovil Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Padavettamman Kovil Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.