Guideline Value for PUDHU NAGAR ALL STREET (NEW NAGAR)

Pudhu Nagar All Street (New Nagar) guideline value

The current guideline value of Pudhu Nagar All Street (New Nagar) is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pudhu Nagar All Street (New Nagar) has changed

The guideline value for Pudhu Nagar All Street (New Nagar) has seen significant changes over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The most recent revision in 2024 shows a substantial increase to Rs 4,300 per sq.ft, reflecting a 60% rise from the 2017 figure.

There are no figures available for the years 2023, 2003, and 2002 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 438%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Pudhu Nagar All Street (New Nagar) has a guideline value that is above this median.

• Pulianthope High Road(From B&c Mill To Pulianthope T.B Hospital): Rs 4,900 per sq.ft (2024)
• Praksh Colony: Rs 3,200 per sq.ft (2024)
• Powden Street: Rs 3,800 per sq.ft (2024)
• Puzhal Murugesan Street: Rs 5,400 per sq.ft (2024)
• Puzhal Sivagnanam Street: Rs 5,400 per sq.ft (2024)
• Ragavan Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhu Nagar All Street (New Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. 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 Pudhu Nagar All Street (New Nagar)?

The Sub Registrar Office that covers Pudhu Nagar All Street (New Nagar) is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pudhu Nagar All Street (New Nagar)?

The current guideline value of Pudhu Nagar All Street (New Nagar) is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 800 per sq.ft in 2007 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 438% since 2007.

What is the land classification for Pudhu Nagar All Street (New Nagar)?

Pudhu Nagar All Street (New Nagar) is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property in Pudhu Nagar All Street (New Nagar)?

For a property valued at Rs 43,00,000, the stamp duty would be Rs 3,01,000 and the registration fee would be Rs 86,000, totaling Rs 3,87,000.

Which office handles registrations for Pudhu Nagar All Street (New Nagar)?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles registrations for Pudhu Nagar All Street (New Nagar).