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Guideline Value

Corporate

Guideline Value for Padmavathy Nagar (Padmavathy Avenue)

₹400/sq.ft.

The guideline value for Padmavathy Nagar (padmavathy Avenue) in Salamangalam village (Sriperumpudur SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Salamangalam

Village

Sriperumpudur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /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)

27, Chetty Street, Sriperumpudur-602 105
044-27163925
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Padmavathy Nagar (padmavathy Avenue)

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Padmavathy Nagar (Padmavathy Avenue) guideline value

The current guideline value of Padmavathy Nagar (Padmavathy Avenue) is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Salamangalam village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Padmavathy Nagar (Padmavathy Avenue) has changed

The guideline value for Padmavathy Nagar has seen several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 268 per sq.ft. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft. The 2024 revision has maintained this value, resulting in no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 400 per sq.ft.

Guideline values in Salamangalam

In Salamangalam village, there are 59 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 3,100 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, making Padmavathy Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Padmavathy Nagar (Padmavathy Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 more accurate estimations.

Which Sub Registrar Office covers Padmavathy Nagar (Padmavathy Avenue)?

The Sub Registrar Office that covers Padmavathy Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Salamangalam. It serves as a benchmark for calculating the stamp duty and registration fees that are payable to the government.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to determine the applicable fees. This ensures that the government receives the correct amount based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Padmavathy Nagar (Padmavathy Avenue)?

The current guideline value of Padmavathy Nagar (Padmavathy Avenue) is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a notable drop to Rs 268 per sq.ft in 2017, followed by an increase back to Rs 400 per sq.ft in 2023.

What is the median guideline value for streets in Salamangalam?

The median guideline value for the 59 streets in Salamangalam is Rs 500 per sq.ft, while Padmavathy Nagar's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in Padmavathy Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations for Padmavathy Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Padmavathy Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.