Guideline Value

Corporate

Guideline Value for Padmavathi Garden

₹440/sq.ft.

The guideline value for Padmavathi Garden in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹18 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Padmavathi Garden

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Padmavathi Garden guideline value

The current guideline value of Padmavathi Garden, located in Vilangadupakkam village, is Rs 440 per sq.ft. This value is set to take effect from 1 July 2024 and falls under the Residential Class III Type - I land classification. The area is governed by the Redhills Sub Registrar Office (SRO).

How the guideline value of Padmavathi Garden has changed

The guideline value for Padmavathi Garden has seen several revisions over the years. In 2003, the value was Rs 18 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2007, marking a change of +1011%. The value then rose to Rs 400 per sq.ft in 2012, reflecting a +100% increase. However, it decreased to Rs 268 per sq.ft in 2017, showing a decline of -33%. The value then increased to Rs 400 per sq.ft in 2023, followed by a rise to Rs 440 per sq.ft in 2024, which is a +10% change.

Overall, from 2003 to 2024, the guideline value has increased by +2344%. The register has no figure for the year 2002 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, making Padmavathi Garden's 2024 figure equal to this median.

Stamp duty and registration fee for property in Padmavathi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty is calculated at 7%, resulting in Rs 30,800, while the registration fee is charged at 2%, amounting to Rs 8,800. Together, the total charges would be Rs 39,600. 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 Padmavathi Garden?

The Padmavathi Garden area falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Vilangadupakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

During the registration process, the guideline value must be adhered to, as it reflects the government’s assessment of property values in the area. This ensures transparency and consistency in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Padmavathi Garden?

The current guideline value of Padmavathi Garden is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 18 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, representing an overall increase of +2344% over the years.

What are the stamp duty and registration fees for property in Padmavathi Garden?

The stamp duty for a property valued at Rs 4,40,000 is Rs 30,800, and the registration fee is Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers the area of Padmavathi Garden?

The Redhills Sub Registrar Office covers Padmavathi Garden, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that these costs are based on the official valuation of the property.