Guideline Value for PUDHUPEDU ADIDRAVIDAR KUDI IRUPU

Pudhupedu Adidravidar Kudi Irupu guideline value

The current guideline value of Pudhupedu Adidravidar Kudi Irupu is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Kolatti village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Pudhupedu Adidravidar Kudi Irupu has changed

Over the years, the guideline value for Pudhupedu Adidravidar Kudi Irupu has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which was later reduced to Rs 134 per sq.ft in the 2017 revision. The 2023 revision increased the value back to Rs 200 per sq.ft, and the most recent 2024 revision has raised it to Rs 220 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase. For the years 2002, 2003, and 2007, the register has no figure for this street.

Guideline values in Kolatti

In Kolatti village, there are 18 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 330 per sq.ft, with a median value of Rs 275 per sq.ft. Pudhupedu Adidravidar Kudi Irupu's current value is below this median.

• Pudupedu Grama Sudukadu Pattai: Rs 220 per sq.ft (2024)
• Puduppedu School Road: Rs 220 per sq.ft (2024)
• P.S.Srinivasa Nagar: Rs 330 per sq.ft (2024)
• Prasanthi Nagar: Rs 330 per sq.ft (2024)
• Parasakthi Nagar: Rs 220 per sq.ft (2024)
• Ram Tulasi Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhupedu Adidravidar Kudi Irupu

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,20,000. The stamp duty at 7% amounts to Rs 15,400, while the registration fee at 2% totals Rs 4,400, making the total charges Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pudhupedu Adidravidar Kudi Irupu?

The Pudhupedu Adidravidar Kudi Irupu area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Kolatti. It serves as a reference point for the valuation of the property and is used to calculate the applicable charges during registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pudhupedu Adidravidar Kudi Irupu?

The current guideline value of Pudhupedu Adidravidar Kudi Irupu is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the classification of land in Pudhupedu Adidravidar Kudi Irupu?

Pudhupedu Adidravidar Kudi Irupu is classified as Residential Class II Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the stamp duty rate for property in Pudhupedu Adidravidar Kudi Irupu?

The stamp duty rate for property transactions in Pudhupedu Adidravidar Kudi Irupu is 7% of the guideline value or the sale price, whichever is higher.