Guideline Value for Padmavathy Nagar 17th Street

Padmavathy Nagar 17th Street guideline value

The current guideline value for Padmavathy Nagar 17th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Special Type - III.

How the guideline value of Padmavathy Nagar 17th Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This represents a 10% increase to the current value of Rs 3,300 per sq.ft in the 2024 revision. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

The most recent revision in 2024 shows a significant increase compared to the 2012 figure. The increase from Rs 3,000 to Rs 3,300 indicates a notable adjustment in the guideline value over the years.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Padmavathy Nagar 17th Street above this median.

• Padmavathy Nagar 17th Main Road: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 18th Cross Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 17th Cross Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 18th Main Road: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 16th Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 18th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Padmavathy Nagar 17th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 17th Street?

The Sub Registrar Office that covers Padmavathy Nagar 17th Street is the Selaiyur Sub Registrar Office. The address is 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 crucial factor during the registration of property transactions in Madambakkam. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency and compliance with local regulations during the property transfer process.

Frequently asked questions

What is the current guideline value of Padmavathy Nagar 17th Street?

The current guideline value of Padmavathy Nagar 17th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft. Padmavathy Nagar 17th Street's guideline value is above this median.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Where can I find the Sub Registrar Office for Padmavathy Nagar 17th Street?

The Sub Registrar Office for Padmavathy Nagar 17th Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more details online.