Guideline Value for Padmavathi Nagar

Padmavathi Nagar guideline value

The current guideline value of Padmavathi Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification.

How the guideline value of Padmavathi Nagar has changed

The guideline value of Padmavathi Nagar has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 300 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 233% rise. However, it decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value remained at Rs 670 per sq.ft until 2023, when it returned to Rs 1,000 per sq.ft, showing a 49% increase. The current guideline value of Rs 1,000 per sq.ft has remained unchanged since the 2023 revision.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 233%, reflecting the changes in the property landscape.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is the same as the guideline value for Padmavathi Nagar.

• Padmavathi Avenue (S.No.369/8): Rs 1,000 per sq.ft (2024)
• Padmavathi Avenue (S.No.226,228/1): Rs 1,000 per sq.ft (2024)
• Pangajapuram: Rs 1,000 per sq.ft (2024)
• Pargavi Avenue: Rs 1,000 per sq.ft (2024)
• Pearl City: Rs 1,000 per sq.ft (2024)
• Pearl City Extn: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Padmavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost Rs 90,000. 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 Nagar?

The Sub Registrar Office that covers Padmavathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Adhanoor. It serves as a benchmark for determining the minimum value at which properties 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 current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of Padmavathi Nagar?

The current guideline value of Padmavathi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,000 per sq.ft in 2023 and 2024. The value was Rs 670 per sq.ft in 2017, showing a significant increase of 49% to the current rate.

Which Sub Registrar Office covers Padmavathi Nagar?

The Gooduvancheri Sub Registrar Office covers Padmavathi Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What is the stamp duty for property in Padmavathi Nagar?

The stamp duty for property in Padmavathi Nagar is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 10,00,000, the stamp duty would be Rs 70,000.

Are there other streets in Adhanoor with the same guideline value?

Yes, there are several other streets in Adhanoor with the same guideline value of Rs 1,000 per sq.ft, including Padmavathi Avenue, Pangajapuram, and Pearl City.