Guideline Value for Sri Padhmavathy Nagar

Sri Padhmavathy Nagar guideline value

The current guideline value of Sri Padhmavathy Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024. This area is located in Noombal village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Sri Padhmavathy Nagar has changed

The guideline value for Sri Padhmavathy Nagar has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 153 per sq.ft. This increased to Rs 1,273 per sq.ft in the 2017 revision, marking a substantial rise of 732%. The value further increased to Rs 1,900 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 2,090 per sq.ft, which is a 10% increase from 2023.

The register has no figures for the years 2002, 2007, and 2012 for this street. Overall, from the 2003 revision to the current 2024 figure, the guideline value has increased by 1266%.

Guideline values in Noombal

Noombal village has 164 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,090 per sq.ft, which is equal to the current guideline value of Sri Padhmavathy Nagar.

• Sri Moogambikai Nagar Extn: Rs 2,860 per sq.ft (2024)
• Sri Krishna Nagar: Rs 2,090 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 2,090 per sq.ft (2024)
• Sri Dhanalakshmi Avenue: Rs 2,090 per sq.ft (2024)
• Sri Balaji Nagar Adithi Avenue: Rs 2,090 per sq.ft (2024)
• Sri Balaji Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Padhmavathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Padhmavathy Nagar?

The Sub Registrar Office that covers Sri Padhmavathy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Noombal. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Sri Padhmavathy Nagar?

The current guideline value of Sri Padhmavathy Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 153 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, marking an overall increase of 1266% over the years.

What is the land classification of Sri Padhmavathy Nagar?

Sri Padhmavathy Nagar is classified as Residential Special Type - I under the Kunrathur SRO.

What are the stamp duty and registration fees for a property in Sri Padhmavathy Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 20,90,000, leading to a stamp duty of Rs 1,46,300 and a registration fee of Rs 41,800, totaling Rs 1,88,100.

Which Sub Registrar Office covers Sri Padhmavathy Nagar?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, covers Sri Padhmavathy Nagar.