Guideline Value for Padmanabhan Nagar Sampanthanar Street

Padmanabhan Nagar Sampanthanar Street guideline value

The current guideline value of Padmanabhan Nagar Sampanthanar Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Padmanabhan Nagar Sampanthanar Street has changed

The guideline value for Padmanabhan Nagar Sampanthanar Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which then increased to Rs 1,500 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the guideline value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. The increase from the 2017 to 2023 revision was 49%, highlighting a significant rise in the guideline value over this period.

Guideline values in Pozhichalur

In Pozhichalur, 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. The median guideline value for these streets is Rs 1,320 per sq.ft, making the guideline value of Padmanabhan Nagar Sampanthanar Street above this median.

• Padmanaban Nagar Jagirusan Street: Rs 1,650 per sq.ft (2024)
• Padmanabha Street: Rs 1,320 per sq.ft (2024)
• Padmanaban Nagar Amman Koil Street: Rs 1,650 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 Padmanabhan Nagar Sampanthanar 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 cost together to Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Padmanabhan Nagar Sampanthanar Street?

The Sub Registrar Office that covers Padmanabhan Nagar Sampanthanar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the overall cost of the transaction. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Padmanabhan Nagar Sampanthanar Street?

The current guideline value of Padmanabhan Nagar Sampanthanar 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 changed significantly from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Pozhichalur?

The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, with Padmanabhan Nagar Sampanthanar Street's value being above this median.

Where can I find the Sub Registrar Office for Padmanabhan Nagar Sampanthanar Street?

The Sub Registrar Office for Padmanabhan Nagar Sampanthanar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Padmanabhan Nagar Sampanthanar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.