Guideline Value

Corporate

Guideline Value for Padmavathi Street

₹1600/sq.ft.

The guideline value for Padmavathi Street in Oragadam village (Ambattur SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Street

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Padmavathi Street guideline value

The current guideline value of Padmavathi Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Padmavathi Street has changed

Over the years, the guideline value of Padmavathi Street has seen several revisions. The earliest recorded value in 2007 was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, this value dropped to Rs 1,005 per sq.ft in 2017. The subsequent revisions showed a substantial increase, with the value rising to Rs 1,500 per sq.ft in 2023 and finally reaching Rs 1,600 per sq.ft in 2024. The changes from 2017 to 2023 saw an increase of 49%, while the jump from 2023 to 2024 was 7%.

It is important to note that there are no recorded figures for Padmavathi Street in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Oragadam

In Oragadam village, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Padmavathi Street's 2024 figure below this median.

Stamp duty and registration fee for property in Padmavathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Padmavathi Street?

The Sub Registrar Office that covers Padmavathi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial reference for property transactions in Oragadam. It is used to determine the stamp duty and registration fees when buying or selling property, ensuring that all transactions are conducted transparently and fairly.

When registering a property, the guideline value serves as a baseline figure. Buyers and sellers must be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, thus influencing the total cost involved in the transaction.

Frequently asked questions

What is the current guideline value of Padmavathi Street?

The current guideline value of Padmavathi Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking a total increase of 300% over the years.

What is the land classification for Padmavathi Street?

Padmavathi Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Padmavathi Street?

The Sub Registrar Office for Padmavathi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Padmavathi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.