Guideline Value for Padhuvancheri Road

Padhuvancheri Road guideline value

The current guideline value of Padhuvancheri Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village, under the Selaiyur SRO, and is classified as Mixed Special Type - II.

How the guideline value of Padhuvancheri Road has changed

The guideline value for Padhuvancheri Road has seen significant changes over the years. In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. The most recent revision in 2024 increased this figure to Rs 2,700 per sq.ft, marking an increase of 80% from the 2012 value. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

From 2012 to 2024, the guideline value rose from Rs 1,500 to Rs 2,700 per sq.ft. This substantial increase reflects changes in the property market and land classification. The current value is notably higher than the previous revisions.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Padhuvancheri Road's value above this median.

• Padhuvancheri Mettu Street: Rs 1,300 per sq.ft (2024)
• Padhuvancheri Sudalai Road: Rs 1,600 per sq.ft (2024)
• Padhuvancheri Mayana Salai: Rs 1,100 per sq.ft (2024)
• Padhuvancheri Vinayagar Koil Street: Rs 1,100 per sq.ft (2024)
• Padhuvancheri Main Road: Rs 2,750 per sq.ft (2024)
• Padhuvancheri Link Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Padhuvancheri Road

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Padhuvancheri Road?

The Sub Registrar Office that covers Padhuvancheri Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value of a property during registration. This value is used to calculate stamp duty and registration fees, which are essential for the legal transfer of property ownership.

When a property is sold, the guideline value ensures that the transaction is recorded accurately in government records. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Padhuvancheri Road?

The current guideline value of Padhuvancheri Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, which is an increase of 80%. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft. Padhuvancheri Road's current guideline value is above this median.

What are the stamp duty and registration fees for property in Padhuvancheri Road?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000, and the registration fee is Rs 54,000, totaling Rs 2,43,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles registrations for Padhuvancheri Road.