Guideline Value

Corporate

Guideline Value for SRI THANTHONIYAMMAN NAGAR

₹830/sq.ft.

The guideline value for Sri Thanthoniyamman Nagar 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 ₹502 /sq.ft.
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 Thanthoniyamman Nagar

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Sri Thanthoniyamman Nagar guideline value

The current guideline value of Sri Thanthoniyamman Nagar is Rs 830 per sq.ft, effective from 1 July 2024. This area is located in Padappai village, under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Thanthoniyamman Nagar has changed

The guideline value for Sri Thanthoniyamman Nagar has seen several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 502 per sq.ft. This figure increased to Rs 750 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 830 per sq.ft, reflecting an 11% increase from the previous year.

Between 2017 and 2024, the overall increase in the guideline value amounts to 65%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

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 guideline value is Rs 830 per sq.ft, which is equal to the current value of Sri Thanthoniyamman Nagar.

Stamp duty and registration fee for property in Sri Thanthoniyamman Nagar

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 at 7% would amount to Rs 58,100, while the registration fee at 2% would be Rs 16,600, bringing the total cost to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Thanthoniyamman Nagar?

The Sub Registrar Office that covers Sri Thanthoniyamman Nagar is 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 details.

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

The guideline value is a crucial factor during property registration in Padappai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the sale process.

When registering a property, the guideline value is used to calculate the applicable fees, which are mandatory for the legal transfer of ownership. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Thanthoniyamman Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 830 per sq.ft in 2024. This reflects an overall increase of 65% from 2017 to 2024.

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

Other streets in Padappai include Sri Solai Nagar at Rs 1,320 per sq.ft, Srishti Garden at Rs 990 per sq.ft, and Sri Selva Vinayagar Nagar, Sri Velan Nagar, and S S R Avenue, all at Rs 830 per sq.ft in 2024.

What is the registration fee for a property in Sri Thanthoniyamman Nagar?

The registration fee for a property is calculated based on the guideline value. For a 1,000 sq.ft plot at the current rate, the total registration fee would be Rs 16,600.

Where can I find the Sub Registrar Office for Sri Thanthoniyamman Nagar?

The Sub Registrar Office for Sri Thanthoniyamman Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find more details by checking the official website.