Guideline Value for Padmavathy Nagar

Padmavathy Nagar guideline value

The current guideline value of Padmavathy Nagar is Rs 1,830 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A, under the Kunrathur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Padmavathy Nagar has changed

The guideline value register has no figures for Padmavathy Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which sets the guideline value at Rs 1,830 per sq.ft.

Since there are no figures available for the previous years, we cannot provide any changes between revisions. The 2024 revision stands alone as the only guideline value for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets listed under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Padmavathy Nagar's 2024 figure below that median.

• Palandeeswaran Koil Street: Rs 1,540 per sq.ft (2024)
• Othavadai Street: Rs 1,540 per sq.ft (2024)
• Om. Sakthi Nagar Annexe: Rs 1,870 per sq.ft (2024)
• Om. Sakthi Nagar: Rs 1,870 per sq.ft (2024)
• Om. Ganapathy Nagar: Rs 1,540 per sq.ft (2024)
• O.A.K. Nagar Annexe: Rs 2,200 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 1,830 per sq.ft, the total guideline value is Rs 18,30,000. The stamp duty at 7% amounts to Rs 1,28,100, and the registration fee at 2% amounts to Rs 36,600, bringing the total to Rs 1,64,700. It is important to note that the 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 details.

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 Mangadu -A

The guideline value plays a crucial role during the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is compared with the sale price. The higher value is used to calculate the applicable duties and fees, ensuring that the government receives the correct amount based on the property's worth.

Frequently asked questions

What is the current guideline value of Padmavathy Nagar?

The current guideline value of Padmavathy Nagar is Rs 1,830 per sq.ft, effective from 1 July 2024.

What is the land classification of Padmavathy Nagar?

Padmavathy Nagar is classified as Residential Class I Type - II under the guideline value register.

Are there any previous guideline values for Padmavathy Nagar?

The guideline value register has no figures for Padmavathy Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher of the two is used for calculating the applicable duties and fees.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details through the provided link to locate your SRO.