Guideline Value

Corporate

Guideline Value for SRI PADMAVATHI NAGAR

₹501/sq.ft.

The guideline value for Sri Padmavathi Nagar in Thadaperumbakkam village (Ponneri SRO, Chennai zone) is Rs 501 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 151% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thadaperumbakkam

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹501 /sq.ft.
From 1-4-2023 ₹200 /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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Nagar

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Sri Padmavathi Nagar guideline value

The current guideline value of Sri Padmavathi Nagar is Rs 501 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Padmavathi Nagar has changed

The guideline value for Sri Padmavathi Nagar has undergone significant changes over the years. According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 200 per sq.ft, which increased to Rs 501 per sq.ft in the 2024 revision, marking a change of +151%.

Prior to the 2023 revision, the last recorded figure was not available for this street. The current guideline value of Rs 501 per sq.ft aligns with the median value of Rs 501 per sq.ft for other streets in Thadaperumbakkam under the Ponneri SRO, which range from Rs 500 to Rs 1,500 per sq.ft in the 2024 revision.

Guideline values in Thadaperumbakkam

Thadaperumbakkam has a total of 50 streets under the Ponneri SRO that have a 2024 guideline value. The guideline values for these streets range from Rs 500 to Rs 1,500 per sq.ft, with the median value being Rs 501 per sq.ft, which is the same as the current value for Sri Padmavathi Nagar. Below are the guideline values for other streets in Thadaperumbakkam:

Stamp duty and registration fee for property in Sri Padmavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty, charged at 7%, would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total cost for duty and fees to Rs 45,090. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Padmavathi Nagar?

Sri Padmavathi Nagar is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find more information about your SRO, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Thadaperumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. If the sale price is higher than the guideline value, the stamp duty and registration fees will be calculated based on the sale price. This ensures that the transaction reflects the true market value of the property.

Frequently asked questions

What is the current guideline value of Sri Padmavathi Nagar?

The current guideline value of Sri Padmavathi Nagar is Rs 501 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 501 per sq.ft in 2024, which is a change of +151%.

What is the classification of land in Sri Padmavathi Nagar?

Sri Padmavathi Nagar is classified as Residential Class II Type - I according to the current land classification.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles property registrations for Sri Padmavathi Nagar.

How is the stamp duty calculated for properties in Sri Padmavathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,01,000, the stamp duty at 7% would be Rs 35,070.