Guideline Value for Padmavathi Nagar Extn 4th Street

Padmavathi Nagar Extn 4th Street guideline value

The current guideline value of Padmavathi Nagar Extn 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Padmavathi Nagar Extn 4th Street has changed

The register for Padmavathi Nagar Extn 4th Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 3,850 per sq.ft.

Since there are no figures available for the previous revisions, we cannot discuss any changes between the revisions. The 2024 figure stands alone as the current guideline value for this street.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Padmavathi Nagar Extn 4th Street's 2024 figure below this median.

• Padmavathi Nagar Extn 2nd Street: Rs 3,850 per sq.ft (2024)
• Padmavathi Nagar Extn 5th Street: Rs 3,850 per sq.ft (2024)
• Padmavathi Nagar Extn 2nd Cross Street: Rs 3,850 per sq.ft (2024)
• Padmavathi Nagar Extn/Azhagappa Nagar (Anna University): Rs 3,850 per sq.ft (2024)
• Padmavathi Nagar Extn 1st Street: Rs 3,850 per sq.ft (2024)
• Padmavathi Nagar Extn Main 1st Cross Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Padmavathi Nagar Extn 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Padmavathi Nagar Extn 4th Street?

The Sub Registrar Office that covers Padmavathi Nagar Extn 4th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

When buying or selling property in Velachery, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is used by the registration authorities to assess the applicable charges, ensuring that the transaction is documented correctly.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of the property transaction. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Padmavathi Nagar Extn 4th Street?

The current guideline value of Padmavathi Nagar Extn 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

What land classification does Padmavathi Nagar Extn 4th Street fall under?

Padmavathi Nagar Extn 4th Street is classified as Residential Class II Type - III.

How has the guideline value changed over the years?

The register for Padmavathi Nagar Extn 4th Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 3,850 per sq.ft.

What are the stamp duty and registration fees for this street?

For a plot of 1,000 sq.ft, the guideline value is Rs 38,50,000. The stamp duty is Rs 2,69,500, and the registration fee is Rs 77,000, totaling Rs 3,46,500.

Where is the Sub Registrar Office for this area located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.