Guideline Value for Padmavathi nagar

Padmavathi nagar guideline value

The current guideline value of Padmavathi nagar is Rs 2,000 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Mixed Special Type - I.

How the guideline value of Padmavathi nagar has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 1,340 per sq.ft, reflecting a drop of 33%. However, in the 2023 revision, the value increased significantly to Rs 2,000 per sq.ft, marking a 49% rise from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained stable, showing no change. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. Padmavathi nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Padmavathi nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value is Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees together to Rs 1,80,000. Please note that the 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?

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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Padmavathi nagar?

The current guideline value of Padmavathi nagar is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes: it was Rs 2,000 per sq.ft in 2012, decreased to Rs 1,340 per sq.ft in 2017, and then increased back to Rs 2,000 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Padmavathi nagar?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000. This is based on the current guideline value of Rs 2,000 per sq.ft.

Which office handles the registration for Padmavathi nagar?

The Gooduvancheri Sub Registrar Office handles the registration for Padmavathi nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for other streets in Kilambakkam?

Currently, there are no figures available for other streets in Kilambakkam under the Gooduvancheri SRO.