Guideline Value for PUDUPALLI STREET

Pudupalli Street guideline value

The current guideline value of Pudupalli Street is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Pudupalli Street has changed

The guideline value for Pudupalli Street has seen several revisions over the years. In 2002, the guideline value was Rs 783 per sq.ft, which increased to Rs 870 per sq.ft in 2003, marking an 11% rise. The value then rose significantly to Rs 1,540 per sq.ft in 2007, which was a 77% increase. Following this, there was a substantial jump to Rs 7,500 per sq.ft in 2012, reflecting a 387% increase. However, the value decreased to Rs 5,025 per sq.ft in 2017, a decline of 33%. The guideline value then rose to Rs 7,500 per sq.ft in 2023, and most recently, it has increased to Rs 8,200 per sq.ft in 2024, which is a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 947%. There are no figures available for the revisions in the years not mentioned in the register for this street.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, making the 2024 guideline value of Pudupalli Street below that median.

• Ps. Sivasamy Iyer Street (From R.H. Road To Cit Colony 1st Cross Street): Rs 22,000 per sq.ft (2024)
• Ps Sivasamy Iyer 2nd Lane: Rs 13,200 per sq.ft (2024)
• Ps Sivasamy Iyer 1st Street: Rs 13,200 per sq.ft (2024)
• Ps Sivasamy Iyer 1st Lane: Rs 13,200 per sq.ft (2024)
• P.S.Sivasami Salai (C.I.T. 1st Cross Street To North End Of The Road): Rs 17,600 per sq.ft (2024)
• Pro Quarters: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pudupalli Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, making the total charges together Rs 7,38,000. 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 accurate estimations.

Which Sub Registrar Office covers Pudupalli Street?

The Sub Registrar Office that covers Pudupalli Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Mylapore. It serves as a benchmark to determine the minimum value at which properties 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 both parties understand the expected costs associated with the transaction. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pudupalli Street?

The current guideline value of Pudupalli Street is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 783 per sq.ft in 2002 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 947% over the years.

What is the land classification for Pudupalli Street?

Pudupalli Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in Pudupalli Street?

For a property valued at Rs 82,00,000, the stamp duty would be Rs 5,74,000 and the registration fee would be Rs 1,64,000, totaling Rs 7,38,000.

Which office handles registrations for Pudupalli Street?

The Mylapore Sub Registrar Office handles registrations for Pudupalli Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.