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Guideline Value

Corporate

Guideline Value for Sri Karthikeyan Nagar Phase V

₹830/sq.ft.

The guideline value for Sri Karthikeyan Nagar Phase V 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 V

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Sri Karthikeyan Nagar Phase V guideline value

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

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

The guideline value for Sri Karthikeyan Nagar Phase V has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in 2017. The value then increased significantly to Rs 750 per sq.ft in 2023, and as of the latest 2024 revision, it stands at Rs 830 per sq.ft, reflecting an increase of 11% from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been an increase of 11%. The register has no figures for the years 2002, 2003, and 2007 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 value for these streets is Rs 830 per sq.ft, which is the same as the current guideline value for Sri Karthikeyan Nagar Phase V.

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

For a 1,000 sq.ft plot at the current rate of Rs 830 per sq.ft, the 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, making the total 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Karthikeyan Nagar Phase V?

The Sub Registrar Office that covers Sri Karthikeyan Nagar Phase V 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 during the registration process when buying or selling property in Padappai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Sri Karthikeyan Nagar Phase V 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 currently to Rs 830 per sq.ft in 2024.

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

Other streets in Padappai such as Sri Karthikeyan Nagar Phase IV, Phase III, Phase II, Phase VI Extn, and Phase - I also have a guideline value of Rs 830 per sq.ft for 2024.

What is the stamp duty for a property in Sri Karthikeyan Nagar Phase V?

The stamp duty for a property in Sri Karthikeyan Nagar Phase V is calculated at 7% of the guideline value. For a plot of 1,000 sq.ft, this amounts to Rs 58,100.

Where can I find the Sub Registrar Office for Padappai?

The Sub Registrar Office for Padappai is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301. You can find more details by using the link to find your SRO.