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Guideline Value

Corporate

Guideline Value for SRI KARTHIKEYAN NAGAR PHASE - I

₹830/sq.ft.

The guideline value for Sri Karthikeyan Nagar Phase - I in Padappai village (Padappai SRO, Chennai zone) is Rs 830 per sq.ft, effective 1 July 2024. It was Rs 750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padappai

Village

Padappai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹830 /sq.ft.
From 1-4-2023 ₹750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Karthikeyan Nagar Phase - I

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Sri Karthikeyan Nagar Phase - I guideline value

The current guideline value of Sri Karthikeyan Nagar Phase - I is Rs 830 per sq.ft, effective from 1 July 2024. This property is located in Padappai village, under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Karthikeyan Nagar Phase - I has changed

The guideline value for Sri Karthikeyan Nagar Phase - I has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 830 per sq.ft, an increase from Rs 750 per sq.ft in 2023, marking an 11% rise. Prior to that, the 2017 revision recorded a value of Rs 502 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 65%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The revisions that do have figures show a clear upward trend in the guideline value over the years.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,000 per sq.ft. The median value for these streets is Rs 830 per sq.ft, which is the same as the current guideline value for Sri Karthikeyan Nagar Phase - I.

Stamp duty and registration fee for property in Sri Karthikeyan Nagar Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty, calculated at 7%, would be Rs 58,100, while the registration fee at 2% would be Rs 16,600, bringing the total cost for these fees to Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Karthikeyan Nagar Phase - I?

The Sub Registrar Office that covers Sri Karthikeyan Nagar Phase - I is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Padappai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with state regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value for Sri Karthikeyan Nagar Phase - I?

The current guideline value for Sri Karthikeyan Nagar Phase - I is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 502 per sq.ft in 2017 to Rs 830 per sq.ft in 2024, reflecting a total increase of 65% over this period.

What is the land classification for Sri Karthikeyan Nagar Phase - I?

Sri Karthikeyan Nagar Phase - I is classified as Residential Class III Type - I.

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

For a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100 and the registration fee would be Rs 16,600, totaling Rs 74,700.

Where is the Sub Registrar Office for Sri Karthikeyan Nagar Phase - I located?

The Sub Registrar Office for Sri Karthikeyan Nagar Phase - I is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.