Guideline Value for KUDIYANAVAR STREET

Kudiyanavar Street guideline value

The current guideline value of Kudiyanavar Street in Podaturpet village, under the Pallipattu SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Kudiyanavar Street has changed

In the 2017 revision, the guideline value for Kudiyanavar Street was Rs 167 per sq.ft. This figure increased to Rs 250 per sq.ft in the 2023 revision, marking a 50% increase. The 2024 revision also maintains the guideline value at Rs 250 per sq.ft, showing no change from the previous year.

The register does not have figures for the years 2002, 2003, 2007, and 2012 for Kudiyanavar Street. Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that have a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which is equal to the guideline value of Kudiyanavar Street.

• Krishna Nandhar Street: Rs 250 per sq.ft (2024)
• Kezhku Merku Street: Rs 200 per sq.ft (2024)
• Madam Street: Rs 202 per sq.ft (2024)
• Malepothatur Reddy Street: Rs 126 per sq.ft (2024)
• Mangalam Kezhar Street: Rs 250 per sq.ft (2024)
• Kanchi Puram Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kudiyanavar Street

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total Rs 22,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kudiyanavar Street?

The Kudiyanavar Street falls under the Pallipattu Sub Registrar Office located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during property registration in Podaturpet. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark. Buyers need to be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kudiyanavar Street?

The current guideline value of Kudiyanavar Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kudiyanavar Street has increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023, and it remains at Rs 250 per sq.ft in 2024. This represents a 50% increase overall from 2017 to 2024.

What are the other streets in Podaturpet with their guideline values?

Other streets in Podaturpet include Krishna Nandhar Street and Mangalam Kezhar Street, both at Rs 250 per sq.ft, as well as Kezhku Merku Street at Rs 200 per sq.ft, and Madam Street at Rs 202 per sq.ft.

How is stamp duty calculated for properties in Kudiyanavar Street?

Stamp duty for properties in Kudiyanavar Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 250 per sq.ft, the stamp duty would be Rs 17,500.

Which office handles property registrations in Kudiyanavar Street?

The Pallipattu Sub Registrar Office handles property registrations for Kudiyanavar Street. It is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.