Guideline Value for East Pudhuvai Nagar 5th Street

East Pudhuvai Nagar 5th Street guideline value

The current guideline value of East Pudhuvai Nagar 5th 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 5th Street has changed

The guideline value for East Pudhuvai Nagar 5th Street has undergone several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 363 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2007, marking a change of +120%. In 2012, the value remained unchanged at Rs 3,000 per sq.ft. The next revision in 2023 also kept the value at Rs 3,000 per sq.ft, showing no change from the previous revision. However, in 2024, the guideline value rose to Rs 3,300 per sq.ft, reflecting a 10% increase from 2023.

Overall, from 2003 to 2024, the guideline value has increased by +809%. Notably, there are no figures available in the register for the years 2002 and 2017 for this street.

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 is Rs 3,300 per sq.ft, which is equal to the current guideline value of East Pudhuvai Nagar 5th Street.

• East Pudhuvai Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• East Pudhuvai Nagar 3rd 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 5th 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers East Pudhuvai Nagar 5th Street?

The Sub Registrar Office covering East Pudhuvai Nagar 5th 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 factor in the property registration process in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair transaction price. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of East Pudhuvai Nagar 5th Street?

The current guideline value of East Pudhuvai Nagar 5th 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, reflecting an overall increase of +809% over the years.

What is the classification of land in East Pudhuvai Nagar 5th Street?

East Pudhuvai Nagar 5th Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for this property?

For a plot of 1,000 sq.ft, the total guideline value is Rs 33,00,000, with a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this area?

The Pallavaram Sub Registrar Office covers East Pudhuvai Nagar 5th Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.