Guideline Value for SRI PADMAVATHI NAGAR& ANNEX-II

Sri Padmavathi Nagar& Annex-II guideline value

The current guideline value for Sri Padmavathi Nagar& Annex-II in Periyakuppam village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Sri Padmavathi Nagar& Annex-II has changed

The guideline value for Sri Padmavathi Nagar& Annex-II has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to Rs 1,320 per sq.ft in the 2024 revision. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The transition from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO carrying a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Sri Padmavathi Nagar& Annex-II is above this median.

• Sri Srinivasa Nagar & Ext: Rs 1,320 per sq.ft (2024)
• Sri Vaishnavi Nagar: Rs 1,100 per sq.ft (2024)
• Stalin Street: Rs 1,100 per sq.ft (2024)
• Station View Avenue: Rs 879 per sq.ft (2024)
• Sree Thirumalai Nagar: Rs 879 per sq.ft (2024)
• Sozhan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Padmavathi Nagar& Annex-II

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Padmavathi Nagar& Annex-II?

The Sri Padmavathi Nagar& Annex-II area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Sri Padmavathi Nagar& Annex-II?

The current guideline value of Sri Padmavathi Nagar& Annex-II is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Sri Padmavathi Nagar& Annex-II?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Sri Padmavathi Nagar& Annex-II?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Sri Padmavathi Nagar& Annex-II, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification of Sri Padmavathi Nagar& Annex-II?

Sri Padmavathi Nagar& Annex-II is classified as Residential Class I Type - II, indicating its suitability for residential purposes.