Guideline Value for Padmavathy Nagar Extn 19th Street

Padmavathy Nagar Extn 19th Street guideline value

The current guideline value of Padmavathy Nagar Extn 19th 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 Extn 19th Street has changed

The guideline value for Padmavathy Nagar Extn 19th Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in the 2017 revision. However, the latest revision in 2024 has increased the guideline value to Rs 3,300 per sq.ft, marking a significant increase of 64% from the 2017 figure.

From 2012 to 2017, there was a decline of 33%, but overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street.

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 guideline value in this village is Rs 2,400 per sq.ft, placing the 2024 figure for Padmavathy Nagar Extn 19th Street above the median.

• Padmavathy Nagar Extn 19th Cross Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar Extn 1st Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar Extn 18th Street: Rs 2,200 per sq.ft (2024)
• Padmavathy Nagar Extn 20th Cross Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar Extn 18th Cross Street: Rs 3,300 per sq.ft (2024)
• Padmavathy Nagar Extn 20th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Padmavathy Nagar Extn 19th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total 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, bringing the total cost to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Padmavathy Nagar Extn 19th Street?

The Sub Registrar Office covering Padmavathy Nagar Extn 19th 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 details.

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

The guideline value is a crucial factor in the property registration process in Madambakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

Frequently asked questions

What is the current guideline value of Padmavathy Nagar Extn 19th Street?

The current guideline value of Padmavathy Nagar Extn 19th 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 2,010 per sq.ft in 2017, and then increased to Rs 3,300 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street.

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

For a 1,000 sq.ft property at the current guideline value, the total guideline value is 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.

Which Sub Registrar Office covers this street?

The Selaiyur Sub Registrar Office covers Padmavathy Nagar Extn 19th Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Padmavathy Nagar Extn 19th Street?

The land classification for Padmavathy Nagar Extn 19th Street is Residential Special Type - III, indicating its intended use for residential purposes.