Guideline Value for PUDUPATTU

Pudupattu guideline value

The current guideline value of Pudupattu, located in Pudupet village under the Pallipattu SRO, is Rs 126 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Class V Type - I.

How the guideline value of Pudupattu has changed

The guideline value for Pudupattu has seen several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 100 per sq.ft. In 2023, it increased to Rs 126 per sq.ft, maintaining the same value in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a 26% increase in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 26%. The 2023 to 2024 revision showed no change, remaining at Rs 126 per sq.ft.

Guideline values in Pudupet

Pudupet village has a total of 42 streets under the Pallipattu SRO that carry a guideline value for 2024, ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value in this area is Rs 350 per sq.ft, placing Pudupattu's current value below this median.

• Pudupattupattuharijana Kolini: Rs 126 per sq.ft (2024)
• Postoffice Street: Rs 350 per sq.ft (2024)
• Radha Nagar: Rs 250 per sq.ft (2024)
• Policequaters Backside: Rs 250 per sq.ft (2024)
• N.S. Nagar: Rs 400 per sq.ft (2024)
• Saliyar Street(A)gandhi Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Pudupattu

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty at 7% would amount to Rs 8,820, and the registration fee at 2% would be Rs 2,520, bringing the total to Rs 11,340. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pudupattu?

The Sub Registrar Office that covers Pudupattu is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Pudupet. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must consider this value as it directly affects the overall cost of the transaction.

When registering a property, the guideline value is assessed to ensure compliance with local regulations. It acts as a benchmark for property valuation, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Pudupattu?

The current guideline value of Pudupattu is Rs 126 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 126 per sq.ft in both 2023 and 2024, showing a 26% increase overall from 2017 to 2024.

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

Other streets in Pudupet include Pudupattupattuharijana Kolini at Rs 126 per sq.ft, Postoffice Street at Rs 350 per sq.ft, and N.S. Nagar at Rs 400 per sq.ft, among others.

How is stamp duty calculated for properties in Pudupattu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 126 per sq.ft, the total stamp duty would be Rs 8,820.

Where can I find the Sub Registrar Office for Pudupattu?

The Sub Registrar Office for Pudupattu is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find more details by visiting the appropriate link.