Guideline Value for Padmavathy Nagar

Padmavathy Nagar guideline value

The current guideline value of Padmavathy Nagar, located in Kunrathour-B village under the Kunrathur SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - III.

How the guideline value of Padmavathy Nagar has changed

The guideline value for Padmavathy Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, an increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value of Padmavathy Nagar is above this median.

• Padmavathy Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar 3rd Street: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar 4th Street: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar 5th Street: Rs 1,760 per sq.ft (2024)
• Palavarayan Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Padmavathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total charges Rs 1,58,400. It is important to note that 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?

The Sub Registrar Office that covers Padmavathy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Padmavathy Nagar?

The current guideline value of Padmavathy Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000, leading to a stamp duty of Rs 1,23,200 and a registration fee of Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office covers Padmavathy Nagar?

The Kunrathur Sub Registrar Office covers Padmavathy Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Padmavathy Nagar?

The land classification for Padmavathy Nagar is Mixed Special Type - III, which is important for understanding the usage and regulations applicable to the area.