Guideline Value for Padmavathy Nagar 16th Main Road

Padmavathy Nagar 16th Main Road guideline value

The current guideline value of Padmavathy Nagar 16th Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Padmavathy Nagar 16th Main Road has changed

The guideline value for Padmavathy Nagar 16th Main Road has seen revisions over the years. In the 2012 revision, the value was set at Rs 3,000 per sq.ft. The latest revision in 2024 has increased this value to Rs 3,300 per sq.ft, marking a change of +10% from the previous figure.

It is important to note that there are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street in the register.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Padmavathy Nagar 16th Main Road is above this median, reflecting its position in the local market.

• Padmavathy Nagar 16th Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 16th Cross Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 17th Cross Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 15th Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 15th Main Road: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 17th Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Padmavathy Nagar 16th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to 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 Padmavathy Nagar 16th Main Road?

The Sub Registrar Office that covers Padmavathy Nagar 16th Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Padmavathy Nagar 16th Main Road?

The current guideline value of Padmavathy Nagar 16th Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value was Rs 3,000 per sq.ft in 2012 and has increased to Rs 3,300 per sq.ft in 2024, reflecting a change of +10%.

Are there any revisions without figures for this street?

Yes, the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for Padmavathy Nagar 16th Main Road.

What is the stamp duty for property in Padmavathy Nagar 16th Main Road?

The stamp duty for property in Padmavathy Nagar 16th Main Road is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for this area?

The Selaiyur Sub Registrar Office handles property registrations for Padmavathy Nagar 16th Main Road, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.