Guideline Value for Padmavathi Avenue (S.No.369/8)

Padmavathi Avenue (S.No.369/8) guideline value

The current guideline value of Padmavathi Avenue (S.No.369/8) is Rs 1,000 per sq.ft. This property is located in Adhanoor village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Padmavathi Avenue (S.No.369/8) has changed

Over the years, the guideline value for Padmavathi Avenue (S.No.369/8) has seen several revisions. The 2007 revision set the value at Rs 381 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 162% rise. However, the value then decreased by 33% to Rs 670 per sq.ft in the 2017 revision. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 1,000 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. The overall change from the 2007 revision to the current 2024 guideline value reflects a substantial increase of 162%.

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. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Padmavathi Avenue (S.No.369/8).

• Padmavathi Avenue (S.No.226,228/1): 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.369/8)

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, calculated at 7%, would be Rs 70,000, while the registration fee at 2% would be Rs 20,000. Thus, the total cost for stamp duty and registration would be Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Padmavathi Avenue (S.No.369/8)?

The Sub Registrar Office that covers Padmavathi Avenue (S.No.369/8) 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 details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair price. This value is essential for calculating stamp duty and registration fees, which are mandatory for legal property transactions.

When a property is registered, the guideline value is compared with the sale price. The higher of the two amounts is used to calculate the applicable duties and fees. This ensures that all property transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Padmavathi Avenue (S.No.369/8)?

The current guideline value of Padmavathi Avenue (S.No.369/8) 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 changed several times, with the most recent revisions in 2023 and 2024 maintaining it at Rs 1,000 per sq.ft. The value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 in 2024, showing a 49% increase from the previous revision.

What is the land classification for Padmavathi Avenue (S.No.369/8)?

The land classification for Padmavathi Avenue (S.No.369/8) is Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is 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 for properties in Adhanoor is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.