Guideline Value for Padmanabhan Street / Krishna Nagar

Padmanabhan Street / Krishna Nagar guideline value

The current guideline value of Padmanabhan Street / Krishna Nagar is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Padmanabhan Street / Krishna Nagar has changed

The guideline value for Padmanabhan Street / Krishna Nagar has seen significant changes over the years. In 2002, the value was Rs 200 per sq.ft, which increased to Rs 226 per sq.ft in 2003, marking a rise of 13%. By 2007, the value jumped to Rs 570 per sq.ft, representing a substantial increase of 152%. The 2017 revision saw the guideline value rise to Rs 1,541 per sq.ft, a remarkable change of 170% from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 2,530 per sq.ft, which is an increase of 64% from 2017. It is noteworthy that there are no figures available for the years 2012 and 2023 for this street.

Overall, from 2002 to 2024, the guideline value has increased by 1165%, reflecting a substantial growth in value over the years. Each revision has contributed to this significant rise, making the current guideline value considerably higher than in previous years.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Padmanabhan Street / Krishna Nagar above this median value.

• Ottakuthur Street (Muthamazhi Nagar): Rs 2,475 per sq.ft (2024)
• Om Parasakthi Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Om Parasakthi Street: Rs 1,980 per sq.ft (2024)
• Palaniappan Street / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Palaniappan Street / Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Palani Street / Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Padmanabhan Street / Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total cost for these fees to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Padmanabhan Street / Krishna Nagar?

The Sub Registrar Office that covers Padmanabhan Street / Krishna Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Pammal, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used to calculate these fees, ensuring that the transaction is registered at a value that reflects the current market standards set by the Registration Department.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Padmanabhan Street / Krishna Nagar?

The current guideline value of Padmanabhan Street / Krishna Nagar is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 200 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 1165% over the years.

What are the other streets in Pammal with their guideline values?

Other streets in Pammal include Ottakuthur Street (Muthamazhi Nagar) at Rs 2,475 per sq.ft, Om Parasakthi Street, V.O.C Nagar at Rs 2,750 per sq.ft, and several others with varying values.

What is the stamp duty for property in Padmanabhan Street / Krishna Nagar?

The stamp duty for property in Padmanabhan Street / Krishna Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 1,77,100.

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

The Sub Registrar Office for Padmanabhan Street / Krishna Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by visiting the appropriate link.