Guideline Value for PUDU STREET

Pudu Street guideline value

The current guideline value of Pudu Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO and is classified as Residential Class I Type - III.

How the guideline value of Pudu Street has changed

The guideline value for Pudu Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then dropped to Rs 1,340 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 2,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions are notable, with a significant 49% increase from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. The register has no figures for Pudu Street in the years 2002, 2003, and 2007.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, indicating that Pudu Street's 2024 figure is below this median.

• Purusothaman Nagar 1st Cross Street: Rs 2,160 per sq.ft (2024)
• Purusothaman Nagar 2nd Cross Street: Rs 2,160 per sq.ft (2024)
• Purusothaman Nagar 3rd Cross Street: Rs 2,160 per sq.ft (2024)
• Ragavan Street: Rs 2,200 per sq.ft (2024)
• Rajamanickam Nagar: Rs 5,500 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 3,080 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pudu Street?

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

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

The guideline value is a critical factor during the registration of property transactions in Kilkattalai. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Pudu Street?

The current guideline value of Pudu Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft in 2024.

What are the other streets in Kilkattalai with their guideline values?

Other streets in Kilkattalai include Purusothaman Nagar 1st, 2nd, and 3rd Cross Streets at Rs 2,160 per sq.ft, Ragavan Street at Rs 2,200 per sq.ft, and Pillaiyar Koil Street at Rs 3,080 per sq.ft, among others.

Where can I find the Sub Registrar Office for Pudu Street?

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

How is stamp duty calculated for properties on Pudu Street?

Stamp duty for properties on Pudu Street is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 22,00,000 incurs a stamp duty of Rs 1,54,000.