Guideline Value for Padmanaban Nagar Amman Koil Street

Padmanaban Nagar Amman Koil Street guideline value

The current guideline value of Padmanaban Nagar Amman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Padmanaban Nagar Amman Koil Street has changed

The guideline value for Padmanaban Nagar Amman Koil Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase. The current 2024 revision sets the value at Rs 1,650 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Padmanaban Nagar Amman Koil Street is above this median.

• Padmanaban Nagar Jagirusan Street: Rs 1,650 per sq.ft (2024)
• Padmanabhan Nagar Sampanthanar Street: Rs 1,650 per sq.ft (2024)
• Padmanabha Street: Rs 1,320 per sq.ft (2024)
• Palani Street: Rs 1,100 per sq.ft (2024)
• Palani Street Divyadas Nagar: Rs 1,100 per sq.ft (2024)
• Nethaji Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Padmanaban Nagar Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Padmanaban Nagar Amman Koil Street?

The Sub Registrar Office that covers Padmanaban Nagar Amman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Pozhichalur. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for transactions. Buyers and sellers must consider this value to ensure compliance with legal requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Padmanaban Nagar Amman Koil Street?

The current guideline value of Padmanaban Nagar Amman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, reflecting a 64% increase overall. The most recent change from 2023 to 2024 was a 10% increase.

What is the median guideline value in Pozhichalur?

The median guideline value in Pozhichalur is Rs 1,320 per sq.ft, based on the 2024 figures of 299 streets under the Pammal SRO.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 16,50,000, the total fees would amount to Rs 1,48,500.

Where is the Sub Registrar Office for Padmanaban Nagar Amman Koil Street located?

The Sub Registrar Office for Padmanaban Nagar Amman Koil Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.