Guideline Value for PUDU STREET

Pudu Street guideline value

The current guideline value of Pudu Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - II.

How the guideline value of Pudu Street has changed

The guideline value for Pudu Street has undergone several revisions over the years. In 2002, the value was Rs 1,021 per sq.ft, which increased to Rs 1,134 per sq.ft in 2003, marking a change of +11%. The value continued to rise, reaching Rs 2,000 per sq.ft in 2007, reflecting an increase of +76%. Following this, the value saw a significant drop to Rs 5,000 per sq.ft in 2012, which is a decrease of -33%. The value then increased to Rs 3,350 per sq.ft in 2017, representing a rise of +49%. It further increased to Rs 5,000 per sq.ft in 2023, and finally, the current revision for 2024 sets the value at Rs 5,500 per sq.ft, indicating a change of +10% from the previous year.

There are no figures available for Pudu Street in revisions prior to 2002, and no other revisions have been recorded for this street.

Guideline values in Tnagar

Pudu Street's guideline value of Rs 5,500 per sq.ft is below the median value of Rs 11,000 per sq.ft for the 262 streets in Tnagar under the Thiyagaraya nagar SRO, which range from Rs 4,400 to Rs 27,500 per sq.ft.

• Prem Nagar Colony: Rs 6,600 per sq.ft (2024)
• Prakasa Mudali Street: Rs 8,300 per sq.ft (2024)
• Prakasam Road: Rs 13,200 per sq.ft (2024)
• Prakasam Ist Street: Rs 8,300 per sq.ft (2024)
• Prakasam Ist Lane: Rs 6,600 per sq.ft (2024)
• Porur Somasundaram Street: Rs 8,300 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 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pudu Street?

Pudu Street falls under the jurisdiction of the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Tnagar, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that must be paid during the registration process.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. The registration office will assess the property based on the guideline value to determine the applicable fees.

Frequently asked questions

What is the current guideline value of Pudu Street?

The current guideline value of Pudu Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 1,021 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, showing an overall increase of +439% over the years.

What is the median guideline value in Tnagar?

The median guideline value for the 262 streets in Tnagar is Rs 11,000 per sq.ft, with Pudu Street's value being below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles the registration for Pudu Street?

The Thiyagaraya nagar Sub Registrar Office handles the registration for Pudu Street, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.