Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sri Karthikeyan Nagar Phase IV

₹830/sq.ft.

The guideline value for Sri Karthikeyan Nagar Phase Iv 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 Iv

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Karthikeyan Nagar Phase IV guideline value

The current guideline value for Sri Karthikeyan Nagar Phase IV is Rs 830 per sq.ft, effective from 1 July 2024. This area is located in Padappai village and falls under the Padappai SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Sri Karthikeyan Nagar Phase IV has changed

In the 2012 revision, the guideline value was Rs 750 per sq.ft. This figure decreased to Rs 502 per sq.ft in the 2017 revision, reflecting a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 750 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 830 per sq.ft, which is an 11% increase from the previous year.

The register has no figure for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 11%.

Guideline values in Padappai

Padappai village has a total of 146 streets under the Padappai SRO, with guideline values 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 for Sri Karthikeyan Nagar Phase IV.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Karthikeyan Nagar Phase IV?

The Sub Registrar Office that covers Sri Karthikeyan Nagar Phase IV 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 plays a crucial role in the registration process when buying or selling property in Padappai. It serves as a reference point for determining the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher value is used to calculate the stamp duty. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Sri Karthikeyan Nagar Phase IV?

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

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 750 per sq.ft in 2012, decreased to Rs 502 per sq.ft in 2017, increased to Rs 750 per sq.ft in 2023, and finally rose to Rs 830 per sq.ft in 2024.

What is the land classification for Sri Karthikeyan Nagar Phase IV?

Sri Karthikeyan Nagar Phase IV is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 8,30,000, the stamp duty at 7% would be Rs 58,100.