Guideline Value for Padmanaba Nagar

Padmanaba Nagar guideline value

The current guideline value of Padmanaba Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Puzhal village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Padmanaba Nagar has changed

The guideline value register has no figure for Padmanaba Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 1,100 per sq.ft.

There have been no changes in the guideline value for Padmanaba Nagar between the revisions listed above. The 2024 figure is the only value recorded in the register for this street.

Guideline values in Puzhal

In Puzhal, there are a total of 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value of Padmanaba Nagar is below this median.

• Padma Nagar: Rs 1,100 per sq.ft (2024)
• Padmavathi Nagar: Rs 1,102 per sq.ft (2024)
• P.A. Koil 2nd Street: Rs 2,420 per sq.ft (2024)
• P.A. Koil 3rd Street: Rs 2,420 per sq.ft (2024)
• P.A. Koil First Street: Rs 2,420 per sq.ft (2024)
• Othavaadai Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Padmanaba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or 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?

The Sub Registrar Office that covers Padmanaba Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Puzhal. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure that they are paying the correct fees during the registration process. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Padmanaba Nagar?

The current guideline value of Padmanaba Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

Are there any previous guideline values for Padmanaba Nagar?

The guideline value register has no figures for Padmanaba Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023.

How does the guideline value compare to other streets in Puzhal?

The guideline value of Padmanaba Nagar is Rs 1,100 per sq.ft, which is below the median value of Rs 1,102 per sq.ft for other streets in Puzhal.

What are the stamp duty and registration fees for properties in Padmanaba Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 1,100 per sq.ft, the total stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Padmanaba Nagar?

The Redhills Sub Registrar Office handles property registrations for Padmanaba Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.