Guideline Value for Padmavathi Nagar Extn Main 1st Cross Street

Padmavathi Nagar Extn Main 1st Cross Street guideline value

The current guideline value of Padmavathi Nagar Extn Main 1st Cross 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 Main 1st Cross Street has changed

The guideline value register has no figures for Padmavathi Nagar Extn Main 1st Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The current figure of Rs 3,850 per sq.ft is from the 2024 revision.

As of the 2024 revision, there have been no changes in the guideline value for this street compared to previous years, as the register has no figures for those years.

Guideline values in Velachery

In Velachery, there are 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, with a median value of Rs 4,400 per sq.ft. The guideline value of Padmavathi Nagar Extn Main 1st Cross Street is below this median.

• Padmavathi Nagar Extn/Azhagappa Nagar (Anna University): Rs 3,850 per sq.ft (2024)
• Padmavathi Nagar Extn Main Road: Rs 3,850 per sq.ft (2024)
• Padmavathi Nagar Extn 5th Street: Rs 3,850 per sq.ft (2024)
• Padmavathi Nagar Extn 4th Street: Rs 3,850 per sq.ft (2024)
• Padmavathi Nagar Extn 2nd Street: Rs 3,850 per sq.ft (2024)
• Padmavathi Nagar Extn 2nd Cross Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Padmavathi Nagar Extn Main 1st Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Padmavathi Nagar Extn Main 1st Cross Street?

The Sub Registrar Office that covers Padmavathi Nagar Extn Main 1st Cross 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 an essential factor used during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Padmavathi Nagar Extn Main 1st Cross Street?

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

How has the guideline value changed over the years?

The guideline value for Padmavathi Nagar Extn Main 1st Cross Street has not changed in the years where the register has figures. The register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the land classification for this area?

The land classification for Padmavathi Nagar Extn Main 1st Cross Street is Residential Class II Type - III.

What are the stamp duty and registration fees for property in this area?

For a property valued at 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.

Which office handles registrations for this street?

The Velacheri Sub Registrar Office handles registrations for Padmavathi Nagar Extn Main 1st Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.