Guideline Value for Sri Padmanaba Nagar

Sri Padmanaba Nagar guideline value

The current guideline value of Sri Padmanaba Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Kunduperumpedu village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Padmanaba Nagar has changed

Over the years, the guideline value for Sri Padmanaba Nagar has seen several revisions. The earliest recorded figure is from 2012, which was Rs 200 per sq.ft. In 2017, the value decreased to Rs 134 per sq.ft, marking a 33% decline. However, it rebounded to Rs 200 per sq.ft in the 2023 revision, and remained unchanged at Rs 200 per sq.ft in the 2024 revision, indicating no percentage change between these two years.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, comparing the years 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft, reflecting no change over this period.

Guideline values in Kunduperumpedu

In Kunduperumpedu, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. Sri Padmanaba Nagar's 2024 figure aligns with this median.

• Sri Moogambikai Nagar: Rs 250 per sq.ft (2024)
• Sri Isvaryam Garden: Rs 300 per sq.ft (2024)
• Sri Saravana Nagar: Rs 200 per sq.ft (2024)
• Sky city: Rs 200 per sq.ft (2024)
• Shriradi Sai Nagar: Rs 300 per sq.ft (2024)
• Selvam Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Padmanaba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 Padmanaba Nagar?

The Sub Registrar Office that covers Sri Padmanaba Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kunduperumpedu. It is used to determine the stamp duty and registration fees that buyers must pay when transferring property ownership.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on whichever amount is higher. This ensures that the government receives the appropriate fees based on the property's value as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Sri Padmanaba Nagar?

The current guideline value of Sri Padmanaba Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 200 per sq.ft from 2012 to 2024, with a notable increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Sri Padmanaba Nagar?

Sri Padmanaba Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

How is the stamp duty calculated for properties in Sri Padmanaba Nagar?

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 Rs 200 per sq.ft results in a total guideline value of Rs 2,00,000, leading to a stamp duty of Rs 14,000.

Where is the Sub Registrar Office for Sri Padmanaba Nagar located?

The Sub Registrar Office for Sri Padmanaba Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.