Guideline Value for East Pudhuvai Nagar 3rd Street

East Pudhuvai Nagar 3rd Street guideline value

The current guideline value of East Pudhuvai Nagar 3rd Street is Rs 3,300 per sq.ft. This street is located in Zaminpallavaram village under the Pallavaram SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of East Pudhuvai Nagar 3rd Street has changed

Over the years, the guideline value of East Pudhuvai Nagar 3rd Street has seen significant changes. The earliest recorded revision was in 2003, with a guideline value of Rs 363 per sq.ft. This value increased to Rs 800 per sq.ft in 2007, marking a substantial rise of 120%. By 2012, the guideline value remained unchanged at Rs 3,000 per sq.ft. The next revision in 2023 also held the value steady at Rs 3,000 per sq.ft, before the latest revision in 2024, which set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from the year 2003 to 2024, the overall increase in the guideline value is 809%. It is noteworthy that there are no figures available for the years 2017 and 2002 in the register for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with the 2024 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 the same as the current value for East Pudhuvai Nagar 3rd Street.

• East Pudhuvai Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 5th 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 3rd 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, making the total cost for these fees Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers East Pudhuvai Nagar 3rd Street?

The Sub Registrar Office that covers East Pudhuvai Nagar 3rd 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 information.

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

The guideline value is a crucial factor when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the property's value as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of East Pudhuvai Nagar 3rd Street?

The current guideline value of East Pudhuvai Nagar 3rd 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 increased from Rs 363 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, showing 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 registrations for East Pudhuvai Nagar 3rd Street?

The Pallavaram Sub Registrar Office handles registrations for East Pudhuvai Nagar 3rd Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft, which is also the current value for East Pudhuvai Nagar 3rd Street.