Guideline Value for PUDHUVOYAL ROAD

Pudhuvoyal Road guideline value

The current guideline value of Pudhuvoyal Road is Rs 900 per sq.ft, effective from 1 July 2024. This road is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pudhuvoyal Road has changed

The guideline value for Pudhuvoyal Road has undergone significant changes over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, which increased to Rs 900 per sq.ft in the 2024 revision, marking a substantial increase of 200%.

This increase reflects the current valuation trends within the area. The 2024 figure of Rs 900 per sq.ft is noteworthy, especially when compared to the previous year’s value of Rs 300 per sq.ft.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO, with 2024 guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value across these streets is Rs 700 per sq.ft, placing Pudhuvoyal Road above this median at Rs 900 per sq.ft.

• Pudhiya Theradi St: Rs 1,200 per sq.ft (2024)
• P.R.K. Nagar: Rs 700 per sq.ft (2024)
• Police Line Back Side: Rs 700 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 700 per sq.ft (2024)
• Perumal Nagar: Rs 700 per sq.ft (2024)
• Periyar Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhuvoyal Road

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, making the total fees together Rs 81,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Pudhuvoyal Road?

The Sub Registrar Office that covers Pudhuvoyal Road is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ponneri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. This ensures that all transactions are conducted fairly and in accordance with the established legal framework.

Frequently asked questions

What is the current guideline value of Pudhuvoyal Road?

The current guideline value of Pudhuvoyal Road is Rs 900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

The guideline value for Pudhuvoyal Road increased from Rs 300 per sq.ft in 2023 to Rs 900 per sq.ft in 2024, reflecting a 200% increase.

What is the classification of land on Pudhuvoyal Road?

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

Where is the Sub Registrar Office for Pudhuvoyal Road located?

The Sub Registrar Office for Pudhuvoyal Road is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone.

How is the stamp duty calculated for properties on Pudhuvoyal Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000, leading to a stamp duty of Rs 63,000 at 7%.