Guideline Value

Corporate

Guideline Value for MAIN ROAD

₹600/sq.ft.

The guideline value for Main Road in Pudupet village (Pallipattu SRO, Chennai zone) is Rs 600 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pudupet

Village

Pallipattu

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹600 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207
044-27843480
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Main Road guideline value

The current guideline value of Main Road in Pudupet village is Rs 600 per sq.ft, effective from 1 July 2024. This property falls under the Pallipattu SRO and is classified as Residential Special Type - III.

How the guideline value of Main Road has changed

In the 2017 revision, the guideline value for Main Road was set at Rs 335 per sq.ft. This figure remained unchanged in the 2023 revision, but it increased to Rs 600 per sq.ft in the 2024 revision, reflecting a significant increase of 79% from the 2017 figure. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a 79% increase, and overall, from 2017 to 2024, the guideline value has also risen by 79%. The consistent value of Rs 600 per sq.ft in both the 2023 and 2024 revisions indicates stability in the guideline value for this period.

Guideline values in Pudupet

Pudupet village has a total of 42 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value in this area is Rs 350 per sq.ft, placing Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Main Road?

Main Road is covered by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Pudupet. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price to ensure that the appropriate fees are collected.

Frequently asked questions

What is the current guideline value of Main Road in Pudupet?

The current guideline value of Main Road in Pudupet is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Main Road has increased from Rs 335 per sq.ft in 2017 to Rs 600 per sq.ft in 2024, marking a 79% increase overall. The value remained unchanged at Rs 600 per sq.ft from 2023 to 2024.

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

Other streets in Pudupet include Madam Street at Rs 500 per sq.ft, Meyanstreet at Rs 126 per sq.ft, Kulakarai Street at Rs 350 per sq.ft, Munireddykandigai at Rs 126 per sq.ft, Kollapuriyamman Koilstreet at Rs 500 per sq.ft, and K.K. Nagar at Rs 200 per sq.ft for the year 2024.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the total fees would amount to Rs 54,000.

Which office handles the registration for Main Road?

The registration for Main Road is handled by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.