Guideline Value for PUDU STREET

Pudu Street guideline value

The current guideline value of Pudu Street in Issa Pallavaram village is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Mixed Type - II land.

How the guideline value of Pudu Street has changed

The guideline value of Pudu Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 4,000 per sq.ft, which was later revised to Rs 2,680 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Issa Pallavaram

Issa Pallavaram comprises 110 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, positioning Pudu Street's 2024 figure above this median.

• Purusothaman Street: Rs 3,300 per sq.ft (2024)
• P.P.Amman Koil St, Western Portion: Rs 3,300 per sq.ft (2024)
• Railway Colony: Rs 3,300 per sq.ft (2024)
• Railway Station Cross Street: Rs 4,950 per sq.ft (2024)
• Railway Station Road: Rs 4,950 per sq.ft (2024)
• Ponds Colony/Company: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pudu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pudu Street?

Pudu Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Issa Pallavaram. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must refer to the guideline value to ensure compliance with legal requirements during registration.

When a property is bought or sold, the guideline value is considered to ascertain the financial obligations involved in the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pudu Street?

The current guideline value of Pudu Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification of Pudu Street?

Pudu Street is classified as Mixed Type - II land according to the Pallavaram SRO.

What are the stamp duty and registration fees for property in Pudu Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Pudu Street?

The Pallavaram Sub Registrar Office handles registrations for Pudu Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.