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Guideline Value

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Guideline Value for SRI PADMAVATHI DEVI NAGAR

₹330/sq.ft.

The guideline value for Sri Padmavathi Devi Nagar in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹32 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹28 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Padmavathi Devi Nagar

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Sri Padmavathi Devi Nagar guideline value

The current guideline value of Sri Padmavathi Devi Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village, under the jurisdiction of the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Sri Padmavathi Devi Nagar has changed

The guideline value for Sri Padmavathi Devi Nagar has seen several revisions over the years. In 2002, the value was Rs 28 per sq.ft, which increased to Rs 32 per sq.ft in 2003, marking a 14% rise. The value then rose significantly to Rs 50 per sq.ft in 2007, reflecting a 56% increase. By 2012, the value was Rs 300 per sq.ft, showing a substantial 500% increase from the previous revision. However, it decreased to Rs 201 per sq.ft in 2017, a decline of 33%. The guideline value rose again to Rs 300 per sq.ft in 2023, and finally, to Rs 330 per sq.ft in 2024, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1079%. There are no figures available for the years not mentioned in this register for Sri Padmavathi Devi Nagar.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 770 per sq.ft. The median guideline value is Rs 330 per sq.ft, which is equal to the current value of Sri Padmavathi Devi Nagar.

Stamp duty and registration fee for property in Sri Padmavathi Devi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, while the registration fee at 2% would be Rs 6,600. Together, the total cost for these fees would be Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Padmavathi Devi Nagar?

The Sub Registrar Office that covers Sri Padmavathi Devi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Nanthiambakkam. It acts as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is either equal to or higher than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Sri Padmavathi Devi Nagar?

The current guideline value of Sri Padmavathi Devi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 28 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, which is an overall increase of 1079%.

What is the registration office for Sri Padmavathi Devi Nagar?

The registration office for Sri Padmavathi Devi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 at 7%, and the registration fee would be Rs 6,600 at 2%, totaling Rs 29,700.

How does the guideline value affect property transactions?

The guideline value serves as a benchmark for property registration, ensuring that the appropriate stamp duty and registration fees are paid. It is essential for buyers and sellers to be aware of this value during transactions.