Guideline Value for POLICEQUATERS BACKSIDE

Policequaters Backside guideline value

The current guideline value of Policequaters Backside is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Pudupet village under the Pallipattu SRO, classified as Residential Class II Type - I.

How the guideline value of Policequaters Backside has changed

The guideline value for Policequaters Backside has undergone several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft, which increased by 50% to Rs 250 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 250 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only available revisions are from 2017, 2023, and 2024, with a 50% increase overall from 2017 to 2024.

Guideline values in Pudupet

Pudupet village has 42 streets under the Pallipattu SRO with a 2024 guideline value ranging from Rs 102 to Rs 600 per sq.ft. The median value is Rs 350 per sq.ft, placing Policequaters Backside's 2024 figure below this median.

• Postoffice Street: Rs 350 per sq.ft (2024)
• Pudupattu: Rs 126 per sq.ft (2024)
• Pudupattupattuharijana Kolini: Rs 126 per sq.ft (2024)
• Radha Nagar: Rs 250 per sq.ft (2024)
• N.S. Nagar: Rs 400 per sq.ft (2024)
• Neru Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Policequaters Backside

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

Which Sub Registrar Office covers Policequaters Backside?

The Sub Registrar Office that covers Policequaters Backside is 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 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, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value will influence the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall costs involved in the property transfer process. Accurate knowledge of these values helps in ensuring compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Policequaters Backside?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and 2024, representing a 50% increase overall from 2017 to 2024.

What is the median guideline value in Pudupet?

The median guideline value in Pudupet is Rs 350 per sq.ft, with Policequaters Backside's 2024 figure being below this median.

What are the stamp duty and registration fees for a property in Policequaters Backside?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 22,500.

Which office do I need to visit for registration in Policequaters Backside?

The registration for properties in Policequaters Backside is handled by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.