Guideline Value for Padmavathy Nagar 4th Cross Street

Padmavathy Nagar 4th Cross Street guideline value

The current guideline value of Padmavathy Nagar 4th Cross Street 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 4th Cross Street has changed

According to the guideline value register, the first recorded revision for Padmavathy Nagar 4th Cross Street was in 2012, where the value was Rs 3,000 per sq.ft. The next revision occurred in 2024, which increased the guideline value to Rs 3,300 per sq.ft, marking a change of +10% from the 2012 figure. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023.

The 2024 revision reflects a significant increase in the guideline value compared to the previous years. This increase places the current value above the median guideline value for Madambakkam, which is Rs 2,400 per sq.ft.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. Padmavathy Nagar 4th Cross Street's value of Rs 3,300 per sq.ft is above the median for the village.

• Padmavathy Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 3rd Main Road: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 4th Main Road: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Padmavathy Nagar 4th Cross 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 amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Padmavathy Nagar 4th Cross Street?

The Sub Registrar Office that covers Padmavathy Nagar 4th Cross 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, within 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 plays a crucial role in the registration process of property transactions in Madambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is referred to for calculating the applicable fees. The fees are charged based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Padmavathy Nagar 4th Cross Street?

The current guideline value of Padmavathy Nagar 4th Cross 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, reflecting a change of +10%. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft. The guideline value of Padmavathy Nagar 4th Cross Street is above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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. The duty is based on the higher of the guideline value or sale price.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.