Guideline Value

Corporate

Guideline Value for Padmavathi Nagar Extn Main Road

₹3850/sq.ft.

The guideline value for Padmavathi Nagar Extn Main Road 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 Main Road

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Padmavathi Nagar Extn Main Road guideline value

The current guideline value of Padmavathi Nagar Extn Main Road 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 Road has changed

The guideline value register has no figures for Padmavathi Nagar Extn Main Road for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 3,850 per sq.ft.

Since there are no figures available for the previous years, it can be noted that the current value is based solely on the 2024 revision. There have been no changes in the guideline value between the revisions listed above.

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 Road is below this median.

Stamp duty and registration fee for property in Padmavathi Nagar Extn Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Padmavathi Nagar Extn Main Road?

The Sub Registrar Office covering Padmavathi Nagar Extn Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, click here.

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

The guideline value plays a crucial role 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 that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Padmavathi Nagar Extn Main Road?

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

What is the land classification for Padmavathi Nagar Extn Main Road?

The land classification for Padmavathi Nagar Extn Main Road is Residential Class II Type - III.

Are there any previous guideline value revisions for this street?

The guideline value register has no figures for Padmavathi Nagar Extn Main Road for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024.

How does the guideline value compare to other streets in Velachery?

The guideline value of Padmavathi Nagar Extn Main Road at Rs 3,850 per sq.ft is below the median guideline value of Rs 4,400 per sq.ft for the 2,691 streets in Velachery under the Velacheri SRO.

What are the stamp duty and registration fees for property transactions?

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. Duty is charged on the higher of the guideline value or the sale price.