Guideline Value for Sri Padmanaba Samy Nagar

Sri Padmanaba Samy Nagar guideline value

The current guideline value of Sri Padmanaba Samy Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Maakaanyam village and falls under the Sriperumpudur SRO, classified as Residential Class I Type - III.

How the guideline value of Sri Padmanaba Samy Nagar has changed

The guideline value for Sri Padmanaba Samy Nagar has remained consistent over the years. The register shows that the guideline value was Rs 600 per sq.ft in the 2017 revision, and it has not changed in the subsequent revisions of 2023 and 2024, indicating a 0% change between these years. The register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2024 revision, the overall change is also 0%. Thus, the guideline value has remained stable at Rs 600 per sq.ft since 2017.

Guideline values in Maakaanyam

In Maakaanyam, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Sri Padmanaba Samy Nagar's 2024 figure above this median.

• Sri Premkavaradhan Nagar: Rs 300 per sq.ft (2024)
• Sri Nagar: Rs 200 per sq.ft (2024)
• Sri Murugan City: Rs 300 per sq.ft (2024)
• Sri Kalyana Srinivasaperumal koil street: Rs 400 per sq.ft (2024)
• Sri Hari balaji nagar: Rs 300 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Padmanaba Samy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Padmanaba Samy Nagar?

The Sub Registrar Office that covers Sri Padmanaba Samy Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Maakaanyam. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value as it impacts the overall cost involved in the registration process. Buyers and sellers should ensure they are informed about the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sri Padmanaba Samy Nagar?

The current guideline value of Sri Padmanaba Samy Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions. The register does not provide figures for the years 2002, 2003, 2007, and 2012.

What is the median guideline value for streets in Maakaanyam?

The median guideline value for the 41 streets in Maakaanyam is Rs 250 per sq.ft, with Sri Padmanaba Samy Nagar's guideline value being above this median.

What are the stamp duty and registration fees for property in Sri Padmanaba Samy Nagar?

For a property with a guideline value of Rs 6,00,000, the stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000.

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

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