Guideline Value for PUDHUTHANGAL IYYAPAN STREET

Pudhuthangal Iyyapan Street guideline value

The current guideline value of Pudhuthangal Iyyapan Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Pudhuthangal Iyyapan Street has changed

Over the years, the guideline value for Pudhuthangal Iyyapan Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision has increased the guideline value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Pudhuthangal Iyyapan Street's 2024 figure below that median.

• Pudhuthangal Muvendhar Street: Rs 1,320 per sq.ft (2024)
• Pugalendhi Street: Rs 1,320 per sq.ft (2024)
• Pugavanathamman Street: Rs 1,320 per sq.ft (2024)
• Pushpa Street: Rs 1,320 per sq.ft (2024)
• Prabhu Nagar Anexe: Rs 1,320 per sq.ft (2024)
• Prabhu Nagar 3rd Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhuthangal Iyyapan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pudhuthangal Iyyapan Street?

The Sub Registrar Office covering Pudhuthangal Iyyapan Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Pallikaranai. It determines 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 assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Pudhuthangal Iyyapan Street?

The current guideline value of Pudhuthangal Iyyapan Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2012 to 2023, before increasing to Rs 1,320 per sq.ft in 2024. Overall, there has been a 10% increase in the guideline value from 2012 to 2024.

What is the land classification for Pudhuthangal Iyyapan Street?

Pudhuthangal Iyyapan Street is classified as Residential Class IV Type - II. This classification indicates the type of development permissible in the area.

What are the other streets with the same guideline value in Pallikaranai?

Other streets in Pallikaranai with the same guideline value of Rs 1,320 per sq.ft include Pudhuthangal Muvendhar Street, Pugalendhi Street, Pugavanathamman Street, Pushpa Street, and Prabhu Nagar Anexe.

Where can I find the Sub Registrar Office for Pudhuthangal Iyyapan Street?

The Sub Registrar Office for Pudhuthangal Iyyapan Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035, Chennai registration zone.