Guideline Value for PUDU STREET (THATHANKUPPAM)

Pudu Street (Thathankuppam) guideline value

The current guideline value of Pudu Street (Thathankuppam) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam SRO, and is classified as Residential Class III Type - III.

How the guideline value of Pudu Street (Thathankuppam) has changed

The guideline value for Pudu Street (Thathankuppam) has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 500% rise. However, it then dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

It is important to note that the register has no figures for Pudu Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 540%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing Pudu Street's 2024 figure below that median.

• Pudu Street (Kallikuppam): Rs 2,100 per sq.ft (2024)
• Pothiyamman Koil Street: Rs 1,600 per sq.ft (2024)
• Ragavendera Nagar (Vivekananda Nagar): Rs 2,500 per sq.ft (2024)
• Ragavendra Nagar Extension: Rs 2,500 per sq.ft (2024)
• P.M.A Avenue: Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Street (Kanchinakuppam): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Pudu Street (Thathankuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. 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 Pudu Street (Thathankuppam)?

Pudu Street (Thathankuppam) falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Korattur. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Pudu Street (Thathankuppam)?

The current guideline value of Pudu Street (Thathankuppam) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking a total increase of 540% over the years.

What are the other streets in Korattur and their guideline values?

Other streets in Korattur include Pudu Street (Kallikuppam) at Rs 2,100 per sq.ft, Pothiyamman Koil Street at Rs 1,600 per sq.ft, and Ragavendera Nagar at Rs 2,500 per sq.ft, among others.

What is the registration fee for property in Pudu Street (Thathankuppam)?

The registration fee is calculated based on the guideline value. For a property valued at Rs 16,00,000, the registration fee would be Rs 32,000 at 2%.

Which Sub Registrar Office covers Pudu Street (Thathankuppam)?

Pudu Street (Thathankuppam) is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.