Guideline Value for Padmavathy Nagar 20th Street

Padmavathy Nagar 20th Street guideline value

The current guideline value of Padmavathy Nagar 20th 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 20th Street has changed

The guideline value for Padmavathy Nagar 20th Street has seen several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 3,000 per sq.ft. From 2012 to the latest revision in 2024, there has been an increase of 10%, bringing the current value to Rs 3,300 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023 for this street.

In summary, the guideline value was Rs 3,000 per sq.ft in 2012 and increased to Rs 3,300 per sq.ft in 2024. This change reflects the adjustments made in the guideline values over the years, with the most recent figure being effective from July 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, indicating that Padmavathy Nagar 20th Street's guideline value is above this median.

• Padmavathy Nagar 20th Main Road: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 21st Main Road: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 20th Cross Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 21st Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 21th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Padmavathy Nagar 20th Street

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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. It is important to note that 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 details.

Which Sub Registrar Office covers Padmavathy Nagar 20th Street?

The Sub Registrar Office that covers Padmavathy Nagar 20th Street 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

When buying or selling property in Madambakkam, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the minimum value at which a property can be sold or registered, ensuring that the transaction is recorded accurately.

Additionally, the guideline value impacts the calculation of stamp duty and registration fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Padmavathy Nagar 20th Street?

The current guideline value of Padmavathy Nagar 20th 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 has changed from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023 for this street.

What is the median guideline value in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft. Padmavathy Nagar 20th Street's guideline value is above this median.

What are the stamp duty and registration fees for property in Padmavathy Nagar 20th Street?

For a 1,000 sq.ft plot at the guideline value of Rs 3,300 per sq.ft, the total guideline value is Rs 33,00,000. The stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Padmavathy Nagar 20th Street located?

The Sub Registrar Office covering Padmavathy Nagar 20th Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.