Guideline Value for Sarthar Padel Road

Sarthar Padel Road guideline value

The current guideline value of Sarthar Padel Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sarthar Padel Road has changed

The guideline value for Sarthar Padel Road has seen several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the value at Rs 2,800 per sq.ft, a 12% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for Sarthar Padel Road. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. Sarthar Padel Road's 2024 guideline value is below this median.

• Sarva Mangala Nagar: Rs 4,400 per sq.ft (2024)
• Sarva Mangala Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Sarva Mangala Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Sarva Mangala Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Rathnapuram Yerikkarai Street: Rs 2,800 per sq.ft (2024)
• S I P Colony: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sarthar Padel Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sarthar Padel Road?

The Sub Registrar Office that covers Sarthar Padel Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Thalakanancherry. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sarthar Padel Road?

The current guideline value of Sarthar Padel Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 300%.

What is the land classification for Sarthar Padel Road?

Sarthar Padel Road is classified as Residential Class II Type - II.

Where can I find the registration office for Sarthar Padel Road?

The registration office for Sarthar Padel Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Thalakanancherry?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft incurs a total stamp duty of Rs 1,96,000.