Guideline Value

Corporate

Guideline Value for Padmavathi Nagar Extn 5th Street

₹3850/sq.ft.

The guideline value for Padmavathi Nagar Extn 5th Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Nagar Extn 5th Street

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Padmavathi Nagar Extn 5th Street guideline value

The current guideline value of Padmavathi Nagar Extn 5th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Padmavathi Nagar Extn 5th Street has changed

The guideline value register shows no figures for Padmavathi Nagar Extn 5th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 3,850 per sq.ft.

Since there are no figures available for the previous years, it is noted that the guideline value for this street has not changed over the years listed. The 2024 figure is the only recorded value for Padmavathi Nagar Extn 5th Street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Padmavathi Nagar Extn 5th Street's 2024 figure below that median.

Stamp duty and registration fee for property in Padmavathi Nagar Extn 5th Street

For a 1,000 sq.ft plot at the current rate, 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, totaling Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Padmavathi Nagar Extn 5th Street?

The Sub Registrar Office that covers Padmavathi Nagar Extn 5th 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

The guideline value is a crucial factor in property transactions in Velachery, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Padmavathi Nagar Extn 5th Street?

The current guideline value of Padmavathi Nagar Extn 5th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

What is the land classification of Padmavathi Nagar Extn 5th Street?

Padmavathi Nagar Extn 5th Street is classified as Residential Class II Type - III according to the guideline value register.

How has the guideline value changed over the years?

There are no figures available for Padmavathi Nagar Extn 5th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded value is Rs 3,850 per sq.ft for the year 2024.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500. These fees are calculated based on the higher of the guideline value or sale price.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles registrations for properties in the area.