Guideline Value for East Pudhuvai Nagar 2nd Street

East Pudhuvai Nagar 2nd Street guideline value

The current guideline value of East Pudhuvai Nagar 2nd 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 2nd Street has changed

The guideline value for East Pudhuvai Nagar 2nd Street has seen several revisions over the years. The earliest recorded value was Rs 363 per sq.ft in 2003, which increased to Rs 800 per sq.ft in 2007, marking a significant rise of 120%. By 2012, the value remained unchanged at Rs 3,000 per sq.ft, but in 2023, it increased to Rs 3,000 per sq.ft. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Notably, the revisions for 2017 and 2002 do not have figures listed for this street. Overall, from 2003 to 2024, the guideline value has increased by 809%, demonstrating substantial growth over the years.

Guideline values in Zaminpallavaram

Zaminpallavaram consists of 638 streets under the Pallavaram SRO, with guideline values 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 equal to the 2024 figure for East Pudhuvai Nagar 2nd Street.

• East Pudhuvai Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 5th Street: 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to 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.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers East Pudhuvai Nagar 2nd Street?

The Sub Registrar Office that covers East Pudhuvai Nagar 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial reference point used during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of East Pudhuvai Nagar 2nd Street?

The current guideline value of East Pudhuvai Nagar 2nd 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 from Rs 363 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 809% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registration for East Pudhuvai Nagar 2nd Street?

The Pallavaram Sub Registrar Office handles property registration for East Pudhuvai Nagar 2nd Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees during transactions.