Guideline Value for Padma Nagar

Padma Nagar guideline value

The current guideline value of Padma Nagar, located in Kaavithandalam village, is Rs 134 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Class II Type - I land classification. The property is registered at the Chengleput Joint II SRO.

How the guideline value of Padma Nagar has changed

The guideline value for Padma Nagar has remained consistent at Rs 134 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to this, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has not changed between the 2023 and 2024 revisions, reflecting a change of +0%. The current rate of Rs 134 per sq.ft is the only figure recorded for this street in recent revisions.

Guideline values in Kaavithandalam

In Kaavithandalam, there are 12 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 134 to Rs 1,500 per sq.ft, with a median of Rs 400 per sq.ft. Padma Nagar's 2024 figure is below this median.

• Madurai Veeran Nagar: Rs 200 per sq.ft (2024)
• Thirumalai Nagar: Rs 200 per sq.ft (2024)
• THIRUMALAI NAGAR ext1: Rs 200 per sq.ft (2024)
• Djn Nagar Extn -1: Rs 600 per sq.ft (2024)
• Venkatesh Nagar: Rs 200 per sq.ft (2024)
• Anand Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Padma Nagar

For a 1,000 sq.ft plot at the current rate of Rs 134 per sq.ft, the guideline value amounts to Rs 1,34,000. The stamp duty at 7% would be Rs 9,380, and the registration fee at 2% would be Rs 2,680, totaling Rs 12,060. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Padma Nagar?

The Chengleput Joint II Sub Registrar Office covers Padma Nagar. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kaavithandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

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

Frequently asked questions

What is the current guideline value of Padma Nagar?

The current guideline value of Padma Nagar is Rs 134 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 134 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Padma Nagar?

Padma Nagar falls under the Residential Class II Type - I land classification, which is significant for property valuation and registration purposes.

Where can I find the Sub Registrar Office for Padma Nagar?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Padma Nagar.

How is stamp duty calculated for properties in Padma Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 9,380.