Guideline Value for PUDUPPEDU PILLAIYAR KOVIL ST

Puduppedu Pillaiyar Kovil St guideline value

The current guideline value of Puduppedu Pillaiyar Kovil 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, classified as Residential Class II Type - I.

How the guideline value of Puduppedu Pillaiyar Kovil St has changed

The guideline value for Puduppedu Pillaiyar Kovil St has seen significant changes over the years. In the 2017 revision, the value was set at Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the guideline value increase again to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Minjur

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

• Puduppedu Kuyavar 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 Pillaiyar Kovil St

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees 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.

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

Which Sub Registrar Office covers Puduppedu Pillaiyar Kovil St?

The Sub Registrar Office that covers Puduppedu Pillaiyar Kovil St is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Minjur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures that both parties are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Puduppedu Pillaiyar Kovil St?

The current guideline value of Puduppedu Pillaiyar Kovil St is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Puduppedu Pillaiyar Kovil St?

Puduppedu Pillaiyar Kovil St is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

What fees are associated with buying property in Puduppedu Pillaiyar Kovil St?

When buying property, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 49,500.

Where is the Sub Registrar Office for Puduppedu Pillaiyar Kovil St located?

The Sub Registrar Office covering Puduppedu Pillaiyar Kovil St is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all registration activities for the area.