Guideline Value for POSTOFFICE STREET

Postoffice Street guideline value

The current guideline value of Postoffice Street in Pudupet village is Rs 350 per sq.ft, effective from the 2024 revision. This street falls under the Pallipattu SRO and is classified as Residential Class I Type - I.

How the guideline value of Postoffice Street has changed

The guideline value for Postoffice Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 234 per sq.ft. This value increased by 50% to Rs 350 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision, maintaining the value at Rs 350 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Postoffice Street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

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. The median value is Rs 350 per sq.ft, which is equal to the current guideline value of Postoffice Street.

• Pudupattu: Rs 126 per sq.ft (2024)
• Pudupattupattuharijana Kolini: Rs 126 per sq.ft (2024)
• Policequaters Backside: Rs 250 per sq.ft (2024)
• Radha Nagar: Rs 250 per sq.ft (2024)
• N.S. Nagar: Rs 400 per sq.ft (2024)
• Saliyar Street(A)gandhi Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Postoffice Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Postoffice Street?

The Sub Registrar Office that covers Postoffice Street 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 further assistance.

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

The guideline value is a crucial factor during property transactions in Pudupet. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable fees and taxes. Buyers should be aware that the registration office will consider the guideline value or the sale price, whichever is higher, when assessing the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Postoffice Street?

The current guideline value of Postoffice Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023, and it remained the same in 2024. Overall, there has been a 50% increase from 2017 to 2024.

What is the land classification for Postoffice Street?

Postoffice Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Postoffice Street?

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

How is stamp duty calculated for properties in Pudupet?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 3,50,000 would incur a stamp duty of Rs 24,500 at 7%.