Guideline Value for PUDUPEDU GRAMA SUDUKADU PATTAI

Pudupedu Grama Sudukadu Pattai guideline value

The current guideline value for Pudupedu Grama Sudukadu Pattai is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Kolatti village under the Ponneri Sub Registrar Office (SRO) jurisdiction, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Pudupedu Grama Sudukadu Pattai has changed

The guideline value for Pudupedu Grama Sudukadu Pattai has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was then decreased to Rs 134 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 200 per sq.ft, and the most recent 2024 revision raised it further to Rs 220 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolatti

In Kolatti, there are 18 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 330 per sq.ft, with a median value of Rs 275 per sq.ft. Pudupedu Grama Sudukadu Pattai's 2024 figure is below this median.

• Puduppedu School Road: Rs 220 per sq.ft (2024)
• Pudhupedu Adidravidar Kudi Irupu: Rs 220 per sq.ft (2024)
• P.S.Srinivasa Nagar: Rs 330 per sq.ft (2024)
• Prasanthi Nagar: Rs 330 per sq.ft (2024)
• Parasakthi Nagar: Rs 220 per sq.ft (2024)
• Ram Tulasi Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Pudupedu Grama Sudukadu Pattai

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. 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 information.

Which Sub Registrar Office covers Pudupedu Grama Sudukadu Pattai?

Pudupedu Grama Sudukadu Pattai falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolatti. It is used to determine the stamp duty and registration fees that must be paid to the government, ensuring that the transaction is legally recognized.

When a property is sold, the sale price is compared to the guideline value. The higher of the two values is used to calculate the applicable duties and fees, which are essential for the legal transfer of ownership.

Frequently asked questions

What is the current guideline value for Pudupedu Grama Sudukadu Pattai?

The current guideline value for Pudupedu Grama Sudukadu Pattai is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

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

Other streets in Kolatti include Puduppedu School Road and Pudhupedu Adidravidar Kudi Irupu, both with a guideline value of Rs 220 per sq.ft in 2024. Additionally, P.S.Srinivasa Nagar and Prasanthi Nagar have a higher value of Rs 330 per sq.ft.

How is stamp duty calculated in Pudupedu Grama Sudukadu Pattai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 at 7%.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can also find more details online.