Guideline Value for East Pudhuvai Nagar 4th Street

East Pudhuvai Nagar 4th Street guideline value

The current guideline value of East Pudhuvai Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of East Pudhuvai Nagar 4th Street has changed

Over the years, the guideline value of East Pudhuvai Nagar 4th Street has seen significant changes. In 2003, the guideline value was Rs 363 per sq.ft, which increased to Rs 800 per sq.ft in 2007. Following this, there was a considerable jump to Rs 3,000 per sq.ft in 2012, but it decreased to Rs 2,010 per sq.ft in 2017. The value then rose to Rs 3,000 per sq.ft in 2023 and has now reached Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%, while there was a decrease of 33% from 2012 to 2017. The rise from 2007 to 2012 was a notable 275%, and the value increased by 120% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 809%. The register has no figure for this street in 2002.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is the same as the guideline value for East Pudhuvai Nagar 4th Street.

• East Pudhuvai Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in East Pudhuvai Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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 to estimate your fees based on the guideline value.

Which Sub Registrar Office covers East Pudhuvai Nagar 4th Street?

The East Pudhuvai Nagar 4th Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Zaminpallavaram

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This system helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of East Pudhuvai Nagar 4th Street?

The current guideline value of East Pudhuvai Nagar 4th Street is Rs 3,300 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 363 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 809% over the years.

What is the land classification for East Pudhuvai Nagar 4th Street?

East Pudhuvai Nagar 4th Street is classified as Residential Class I Type - II.

Where can I find the registration office for East Pudhuvai Nagar 4th Street?

The registration office for East Pudhuvai Nagar 4th Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.