Guideline Value

Corporate

Guideline Value for Padmanaba Nagar 2nd Street

₹7700/sq.ft.

The guideline value for Padmanaba Nagar 2nd Street in Urur village (Adayar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /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)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Padmanaba Nagar 2nd Street

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Padmanaba Nagar 2nd Street guideline value

The current guideline value of Padmanaba Nagar 2nd Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Urur village, under the Adayar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Padmanaba Nagar 2nd Street has changed

The guideline value for Padmanaba Nagar 2nd Street has undergone several revisions over the years. In 2012, the value was set at Rs 7,000 per sq.ft. This figure decreased to Rs 4,690 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 7,000 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 7,700 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, and Padmanaba Nagar 2nd Street's current value is above this median.

Stamp duty and registration fee for property in Padmanaba Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total charges to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Padmanaba Nagar 2nd Street?

Padmanaba Nagar 2nd Street falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Urur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a buyer or seller approaches the Adayar SRO for registration, the guideline value will be referenced to assess the applicable charges. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Padmanaba Nagar 2nd Street?

The current guideline value of Padmanaba Nagar 2nd Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,000 per sq.ft in 2012 to Rs 4,690 per sq.ft in 2017, then back to Rs 7,000 per sq.ft in 2023, and finally to Rs 7,700 per sq.ft in 2024.

What is the land classification for Padmanaba Nagar 2nd Street?

Padmanaba Nagar 2nd Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in Padmanaba Nagar 2nd Street?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles registrations for Padmanaba Nagar 2nd Street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles registrations for Padmanaba Nagar 2nd Street.