Guideline Value for SRI PADMAVATHY GARDEN - I

Sri Padmavathy Garden - I guideline value

The current guideline value for Sri Padmavathy Garden - I is Rs 1,510 per sq.ft, effective from 1 July 2024. This property is located in Sekkadu village and falls under the Avadi SRO. The land classification is Residential Special Type - II.

How the guideline value of Sri Padmavathy Garden - I has changed

The guideline value for Sri Padmavathy Garden - I has seen several revisions over the years. In the 2017 revision, the value was Rs 1,373 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision has increased the value to Rs 1,510 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 930 to Rs 4,800 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Sri Padmavathy Garden - I above this median.

• Sri Sai Baba Nagar: Rs 1,075 per sq.ft (2024)
• Sri Karthik Nagar: Rs 1,320 per sq.ft (2024)
• Singara Thirunagar: Rs 1,075 per sq.ft (2024)
• Thanigai Nagar: Rs 1,075 per sq.ft (2024)
• Theru Veethi Amman Koil Street: Rs 1,320 per sq.ft (2024)
• Thiru Kumaran Nagar: Rs 2,680 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Padmavathy Garden - I

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 15,10,000. The stamp duty at 7% would be Rs 1,05,700, and the registration fee at 2% would be Rs 30,200, bringing the total to Rs 1,35,900. It is important to note that the 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 Padmavathy Garden - I?

The Sub Registrar Office that covers Sri Padmavathy Garden - I is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when it comes to property transactions in Sekkadu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value for the transaction, ensuring transparency and compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Sri Padmavathy Garden - I?

The current guideline value for Sri Padmavathy Garden - I is Rs 1,510 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value for Sri Padmavathy Garden - I has increased from Rs 1,373 per sq.ft in 2017 to Rs 1,510 per sq.ft in 2024, reflecting a 10% increase overall.

What is the median guideline value in Sekkadu?

The median guideline value for the streets in Sekkadu is Rs 1,320 per sq.ft, with Sri Padmavathy Garden - I being above this median at Rs 1,510 per sq.ft.

What are the stamp duty and registration fees for a property in Sri Padmavathy Garden - I?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 1,35,900, based on the current guideline value of Rs 15,10,000.

Which Sub Registrar Office covers the area?

The Avadi Sub Registrar Office covers Sri Padmavathy Garden - I, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.