Guideline Value

Corporate

Guideline Value for Padmavathi Street

₹1950/sq.ft.

The guideline value for Padmavathi Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 1950 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1950 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Street

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Padmavathi Street guideline value

The current guideline value of Padmavathi Street is Rs 1,950 per sq.ft. This street is located in Ramapuram village, under the Chennai South Joint II SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Padmavathi Street has changed

In the 2012 revision, the guideline value was Rs 1,750 per sq.ft. This figure remained the same in the next revision in 2017, where it decreased to Rs 1,172 per sq.ft. However, in the 2023 revision, the value increased significantly to Rs 1,750 per sq.ft, and the latest revision in 2024 set the value at Rs 1,950 per sq.ft. The change from 2023 to 2024 reflects an increase of 11%, while the change from 2017 to 2023 shows a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 to 2017 revision saw a decrease of 33% in the guideline value.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft, with a median value of Rs 3,100 per sq.ft. The guideline value of Padmavathi Street is 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 1,950 per sq.ft, the total guideline value would be Rs 19,50,000. The stamp duty at 7% would amount to Rs 1,36,500, while the registration fee at 2% would be Rs 39,000. Together, the total cost for these fees would be Rs 1,75,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Padmavathi Street?

The Sub Registrar Office that covers Padmavathi Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ramapuram. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Padmavathi Street?

The current guideline value of Padmavathi Street is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2012 to Rs 1,950 per sq.ft in 2024, reflecting an overall increase of 11% over this period.

What is the significance of the guideline value?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It serves as a reference point for the government to assess the value of properties in the area.

Which office handles property registrations for Padmavathi Street?

The Chennai South Joint II Sub Registrar Office handles property registrations for Padmavathi Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What are the stamp duty and registration fees for properties on Padmavathi Street?

For a property valued at Rs 19,50,000, the stamp duty would be Rs 1,36,500, and the registration fee would be Rs 39,000, totaling Rs 1,75,500. These fees are based on the guideline value or the sale price, whichever is higher.