Guideline Value for PUDUPPEDU KUYAVAR ST

Puduppedu Kuyavar St guideline value

The current guideline value of Puduppedu Kuyavar St is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Minjur village and falls under the Ponneri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Puduppedu Kuyavar St has changed

The guideline value for Puduppedu Kuyavar St has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 550 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, it has risen by a total of 64%. The change from the 2023 to the 2024 revision reflects a 10% increase.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the guideline value of Puduppedu Kuyavar St.

• Puduppedu Pillaiyar Kovil St: Rs 550 per sq.ft (2024)
• Pungambedu Bajanai Kovil St: Rs 550 per sq.ft (2024)
• Rajammal Nagar: Rs 550 per sq.ft (2024)
• Rajam Nagar: Rs 880 per sq.ft (2024)
• Perumal Kovil Street: Rs 1,320 per sq.ft (2024)
• Perumal Kovil South Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Puduppedu Kuyavar St

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puduppedu Kuyavar St?

The Sub Registrar Office that covers Puduppedu Kuyavar St is 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 Minjur

The guideline value plays a crucial role in the registration process when buying or selling property in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Puduppedu Kuyavar St?

The current guideline value of Puduppedu Kuyavar St is Rs 550 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by a total of 64%, from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024.

What is the registration fee for property in Puduppedu Kuyavar St?

The registration fee for property in Puduppedu Kuyavar St is 2% of the guideline value or the sale price, whichever is higher.

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. This office handles registrations for properties in the area.

What are the other streets with the same guideline value in Minjur?

Other streets in Minjur with the same guideline value of Rs 550 per sq.ft include Puduppedu Pillaiyar Kovil St, Pungambedu Bajanai Kovil St, and Rajammal Nagar, all as per the 2024 revision.