Guideline Value for IRATAI MALAI SRINIVASAN ST

Iratai Malai Srinivasan St guideline value

The current guideline value of Iratai Malai Srinivasan St is Rs 102 per sq.ft, effective from 1 July 2024. This street is located in Pudupet village under the Pallipattu SRO and is classified as Residential Class V Type - II.

How the guideline value of Iratai Malai Srinivasan St has changed

The guideline value for Iratai Malai Srinivasan St has undergone several revisions over the years. In 2017, the guideline value was Rs 67 per sq.ft, which increased to Rs 100 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value further to Rs 102 per sq.ft, marking a 2% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, and the overall change from 2017 to 2024 is 52%. This demonstrates a steady rise in the guideline value over the years.

Guideline values in Pudupet

In Pudupet, there are 42 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 102 to Rs 600 per sq.ft, with a median value of Rs 350 per sq.ft. Iratai Malai Srinivasan St's guideline value is below this median.

• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Eswaran Koil Street: Rs 350 per sq.ft (2024)
• Ellapathini Street: Rs 350 per sq.ft (2024)
• Eachambadi Colony 3rd Street: Rs 126 per sq.ft (2024)
• Eachambadi Colony 2 Nd Street: Rs 126 per sq.ft (2024)
• Eachambadi Colony 1 St Street: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Iratai Malai Srinivasan St

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value would be Rs 1,02,000. The stamp duty at 7% would amount to Rs 7,140, while the registration fee at 2% would be Rs 2,040. Together, the total cost for stamp duty and registration would be Rs 9,180. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Iratai Malai Srinivasan St?

The Sub Registrar Office that covers Iratai Malai Srinivasan St is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pudupet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value will be assessed to calculate the applicable taxes. It is essential for both parties involved in the transaction to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Iratai Malai Srinivasan St?

The current guideline value of Iratai Malai Srinivasan St is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 102 per sq.ft in 2024, showing an overall increase of 52% over this period.

What are the other streets in Pudupet and their guideline values?

Other streets in Pudupet include Gandhi Nagar at Rs 300 per sq.ft, Eswaran Koil Street and Ellapathini Street both at Rs 350 per sq.ft, and Eachambadi Colony streets at Rs 126 per sq.ft.

What is the registration fee for a property in Iratai Malai Srinivasan St?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 1,02,000, the registration fee would be Rs 2,040.

Where can I find the Sub Registrar Office for Iratai Malai Srinivasan St?

The Sub Registrar Office for Iratai Malai Srinivasan St is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.