Guideline Value for Padmavathi Avenue (S.No.226,228/1)

Padmavathi Avenue (S.No.226,228/1) guideline value

The current guideline value of Padmavathi Avenue (S.No.226,228/1) is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Padmavathi Avenue (S.No.226,228/1) has changed

Over the years, the guideline value for Padmavathi Avenue has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which then increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% increase. However, the value dropped to Rs 670 per sq.ft in the 2017 revision, a decrease of 33%. The subsequent revisions in 2023 and 2024 maintained the value at Rs 1,000 per sq.ft, indicating no change between these two years.

The 2023 revision held the same value as the previous year, resulting in a 49% increase from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by 400%, reflecting the fluctuations in the property market over the years. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with the median value being Rs 1,000 per sq.ft. The guideline value of Padmavathi Avenue (S.No.226,228/1) aligns with this median.

• Padmavathi Avenue (S.No.369/8): Rs 1,000 per sq.ft (2024)
• Padmavathi Nagar: Rs 1,000 per sq.ft (2024)
• Pangajapuram: Rs 1,000 per sq.ft (2024)
• Pargavi Avenue: Rs 1,000 per sq.ft (2024)
• Pearl City: Rs 1,000 per sq.ft (2024)
• Pearl City Extn: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Padmavathi Avenue (S.No.226,228/1)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Padmavathi Avenue (S.No.226,228/1)?

The Sub Registrar Office that covers Padmavathi Avenue (S.No.226,228/1) is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the property's value in the local market.

Frequently asked questions

What is the current guideline value of Padmavathi Avenue (S.No.226,228/1)?

The current guideline value of Padmavathi Avenue (S.No.226,228/1) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 1,000 per sq.ft in both 2023 and 2024. It previously stood at Rs 670 per sq.ft in 2017, Rs 1,000 per sq.ft in 2012, and Rs 200 per sq.ft in 2007.

What is the land classification of Padmavathi Avenue (S.No.226,228/1)?

Padmavathi Avenue (S.No.226,228/1) is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Padmavathi Avenue (S.No.226,228/1)?

The Sub Registrar Office covering Padmavathi Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Adhanoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be 7% of that amount.