Guideline Value

Corporate

Guideline Value for Sri Karthikeyan Nagar Phase II

₹830/sq.ft.

The guideline value for Sri Karthikeyan Nagar Phase Ii 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 ₹750 /sq.ft.
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 Karthikeyan Nagar Phase Ii

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Sri Karthikeyan Nagar Phase II guideline value

The current guideline value of Sri Karthikeyan Nagar Phase II 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 Karthikeyan Nagar Phase II has changed

The guideline value for Sri Karthikeyan Nagar Phase II has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 750 per sq.ft in the 2023 revision, and finally, the current guideline value stands at Rs 830 per sq.ft from the 2024 revision, reflecting an increase of 11% from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%.

Guideline values in Padappai

In Padappai village, 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 value is Rs 830 per sq.ft, which is the same as the current guideline value for Sri Karthikeyan Nagar Phase II.

Stamp duty and registration fee for property in Sri Karthikeyan Nagar Phase II

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, and the registration fee at 2% would be Rs 16,600, bringing the total fees to Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Karthikeyan Nagar Phase II?

The Sub Registrar Office that covers Sri Karthikeyan Nagar Phase II 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Padappai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold or purchased, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sri Karthikeyan Nagar Phase II?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What are the other streets in Padappai with the same guideline value?

Other streets in Padappai with a guideline value of Rs 830 per sq.ft include Sri Karthikeyan Nagar Phase - I, Phase III, Phase IV, and Phase V, as well as Sri Karthikeyan Nagar Extension.

What is the registration fee for property in Sri Karthikeyan Nagar Phase II?

The registration fee for property in Sri Karthikeyan Nagar Phase II is calculated based on the guideline value. For example, for a 1,000 sq.ft plot, the total registration fee would be Rs 16,600.

Where can I find the Sub Registrar Office for Sri Karthikeyan Nagar Phase II?

The Sub Registrar Office for Sri Karthikeyan Nagar Phase II is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.