Guideline Value for THIRUMALAI NAGAR ANNEXE PADMAVATHY AVENUE

Thirumalai Nagar Annexe Padmavathy Avenue guideline value

The current guideline value for Thirumalai Nagar Annexe Padmavathy Avenue is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Perungudi village, under the Neelankarai SRO, and falls under the Residential Special Type - IV land classification.

How the guideline value of Thirumalai Nagar Annexe Padmavathy Avenue has changed

The guideline value for Thirumalai Nagar Annexe Padmavathy Avenue has seen several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The value climbed to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year. The register does not contain figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The changes between the revisions are as follows: from 2017 to 2023, there was a 49% increase, and from 2023 to 2024, the increase was 10%.

Guideline values in Perungudi

In Perungudi village, there are 249 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, positioning Thirumalai Nagar Annexe Padmavathy Avenue above this median.

• Thirumalai Nagar Annexe Bharathi Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 5th Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 4th Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 3rd Main Road Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 3rd Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 3rd Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Annexe Padmavathy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. 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 accurate calculations.

Which Sub Registrar Office covers Thirumalai Nagar Annexe Padmavathy Avenue?

The Thirumalai Nagar Annexe Padmavathy Avenue falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungudi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value or the sale price, whichever is higher, is considered for calculating the applicable duties and fees. This ensures that all transactions are in compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Thirumalai Nagar Annexe Padmavathy Avenue?

The current guideline value for Thirumalai Nagar Annexe Padmavathy Avenue is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification for this area?

The land classification for Thirumalai Nagar Annexe Padmavathy Avenue is Residential Special Type - IV.

Where can I find the registration office for this property?

The registration office for Thirumalai Nagar Annexe Padmavathy Avenue is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, 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 of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 3,85,000.