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Guideline Value

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Guideline Value for SRI KARTHIKEYAN NAGAR PHASE VI EXTN

₹830/sq.ft.

The guideline value for Sri Karthikeyan Nagar Phase Vi Extn 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 N/A
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 Vi Extn

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Sri Karthikeyan Nagar Phase VI Extn guideline value

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

How the guideline value of Sri Karthikeyan Nagar Phase VI Extn has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Sri Karthikeyan Nagar Phase VI Extn. The 2023 revision set the guideline value at Rs 750 per sq.ft, which was an increase from the previous revisions. The latest revision in 2024 increased the guideline value to Rs 830 per sq.ft, reflecting an increase of 11% from the 2023 figure.

This means that the guideline value has seen a notable change from Rs 750 per sq.ft in 2023 to Rs 830 per sq.ft in 2024, indicating a shift in the valuation for this area.

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 equal to the current guideline value of Sri Karthikeyan Nagar Phase VI Extn.

Stamp duty and registration fee for property in Sri Karthikeyan Nagar Phase VI Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty, charged at 7%, would amount to Rs 58,100, while the registration fee at 2% would be Rs 16,600. Together, these fees would total 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Karthikeyan Nagar Phase VI Extn?

The Sri Karthikeyan Nagar Phase VI Extn falls under the jurisdiction of 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 plays a crucial role in the registration of property transactions in Padappai. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is considered to ensure that the transaction is recorded at a value that reflects the prevailing standards set by the Registration Department. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Sri Karthikeyan Nagar Phase VI Extn?

The current guideline value of Sri Karthikeyan Nagar Phase VI Extn is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Karthikeyan Nagar Phase VI Extn has changed from Rs 750 per sq.ft in 2023 to Rs 830 per sq.ft in 2024, marking an 11% increase.

What are the other streets in Padappai with their guideline values?

Other streets in Padappai include Sri Karthikeyan Nagr, Sri Karthikeyan Nagar Phase V, Phase IV, Phase III, and Phase II, all with a guideline value of Rs 830 per sq.ft in 2024, while Sri Karthikeyan Nagar Phase VI has a value of Rs 955 per sq.ft.

How is stamp duty calculated in Sri Karthikeyan Nagar Phase VI Extn?

Stamp duty for property in Sri Karthikeyan Nagar Phase VI Extn is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the duty would be Rs 58,100 based on the current guideline value.

Where can I find the Sub Registrar Office for Sri Karthikeyan Nagar Phase VI Extn?

The Sub Registrar Office covering Sri Karthikeyan Nagar Phase VI Extn is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai. You can find your SRO using the provided link.