Guideline Value

Corporate

Guideline Value for Padmanabhan colony

₹3400/sq.ft.

The guideline value for Padmanabhan Colony in Satthankadu village (Thiruvottiyur SRO, Chennai zone) is Rs 3400 per sq.ft, effective 1 July 2024. It was Rs 3100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Satthankadu

Village

Thiruvottiyur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹3400 /sq.ft.
From 1-4-2023 ₹3100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2077 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹284 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹246 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Padmanabhan Colony

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Padmanabhan colony guideline value

The current guideline value of Padmanabhan colony is Rs 3,400 per sq.ft, effective from 1 July 2024. This area is located in Satthankadu village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Padmanabhan colony has changed

The guideline value for Padmanabhan colony has seen several revisions over the years. In 2002, the value was Rs 246 per sq.ft, which increased to Rs 284 per sq.ft in 2003. Following this, there was a significant rise to Rs 600 per sq.ft in 2007, and then to Rs 3,100 per sq.ft in 2012. However, it decreased to Rs 2,077 per sq.ft in 2017, before increasing to Rs 3,100 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 3,400 per sq.ft.

Between these revisions, the changes were notable. From 2002 to 2003, the increase was +15%. The jump from 2003 to 2007 was +111%, followed by a massive +417% from 2007 to 2012. The value then dropped by -33% from 2012 to 2017. After that, the value rose by +49% from 2017 to 2023, and finally, there was a +10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +1282%.

Guideline values in Satthankadu

In Satthankadu village, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,400 per sq.ft, which is equal to the guideline value of Padmanabhan colony.

Stamp duty and registration fee for property in Padmanabhan colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, totaling Rs 3,06,000. 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 details.

Which Sub Registrar Office covers Padmanabhan colony?

The Sub Registrar Office that covers Padmanabhan colony is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Satthankadu. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is considered for calculating the applicable fees, ensuring that the registration process adheres to the legal standards set by the authorities.

Frequently asked questions

What is the current guideline value of Padmanabhan colony?

The current guideline value of Padmanabhan colony is Rs 3,400 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 246 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of +1282%.

What is the land classification of Padmanabhan colony?

Padmanabhan colony is classified as Residential Special Type - III.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000, and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Which office handles the registration of properties in Padmanabhan colony?

The registration of properties in Padmanabhan colony is handled by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.