Guideline Value for East Pudhuvai Nagar

East Pudhuvai Nagar guideline value

The current guideline value of East Pudhuvai Nagar, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of East Pudhuvai Nagar has changed

The guideline value for East Pudhuvai Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 363 per sq.ft, which increased to Rs 800 per sq.ft in 2007. The value then rose significantly to Rs 3,000 per sq.ft in 2012, but dropped to Rs 2,010 per sq.ft in 2017. The 2023 revision brought it back to Rs 3,000 per sq.ft, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was substantial at 49%. The value saw a remarkable rise of 275% from 2007 to 2012, while the increase from 2003 to 2007 was 120%. Overall, from 2003 to 2024, there has been an increase of 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 guideline values 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 the same as the current value for East Pudhuvai Nagar.

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

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 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 for more details.

Which Sub Registrar Office covers East Pudhuvai Nagar?

The Sub Registrar Office that covers East Pudhuvai Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 plays a crucial role during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable taxes and fees. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be considered for the calculation of stamp duty.

Frequently asked questions

What is the current guideline value of East Pudhuvai Nagar?

The current guideline value of East Pudhuvai Nagar 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, with several revisions in between, including a drop in 2017 and subsequent increases.

What is the median guideline value in Zaminpallavaram?

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

What are the stamp duty and registration fees for properties in East Pudhuvai Nagar?

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

Which office handles property registration for East Pudhuvai Nagar?

The Pallavaram Sub Registrar Office handles property registration for East Pudhuvai Nagar, located in Chromepet, Chennai.