Guideline Value

Corporate

Guideline Value for Padma Nagar Extn.

₹1800/sq.ft.

The guideline value for Padma Nagar Extn. in Puthagaram village (Ambattur SRO, Chennai zone) is Rs 1800 per sq.ft, effective 1 July 2024. It was Rs 1700 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puthagaram

Village

Ambattur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1800 /sq.ft.
From 1-4-2023 ₹1700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1139 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Padma Nagar Extn.

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Padma Nagar Extn. guideline value

The current guideline value of Padma Nagar Extn., located in Puthagaram village under the Ambattur SRO, is Rs 1,800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Padma Nagar Extn. has changed

Over the years, the guideline value of Padma Nagar Extn. has seen several revisions. The 2012 revision set the value at Rs 1,700 per sq.ft. This was followed by a decrease to Rs 1,139 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,700 per sq.ft, and in the latest 2024 revision, it rose to Rs 1,800 per sq.ft.

The changes between these revisions show a 33% decrease from 2012 to 2017, followed by a 49% increase from 2017 to 2023, and a further 6% increase from 2023 to 2024. The overall change from the 2012 revision to the 2024 revision is a modest 6% increase.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for the village is Rs 1,900 per sq.ft, placing the 2024 guideline value of Padma Nagar Extn. below this median.

Stamp duty and registration fee for property in Padma Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty, charged at 7%, would amount to Rs 1,26,000, while the registration fee, charged at 2%, would be Rs 36,000. Together, the total cost for stamp duty and registration fee would be Rs 1,62,000. It's important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Padma Nagar Extn.?

The Sub Registrar Office that covers Padma Nagar Extn. is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Puthagaram, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Understanding the guideline value helps ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Padma Nagar Extn.?

The current guideline value of Padma Nagar Extn. is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,800 per sq.ft in 2024.

What are the stamp duty and registration fees in Padma Nagar Extn.?

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Padma Nagar Extn.?

The Sub Registrar Office for Padma Nagar Extn. is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Padma Nagar Extn.?

Padma Nagar Extn. is classified as Residential Class I Type - II, indicating its designation for residential use within the area.