Guideline Value for PUDUPPEDU SCHOOL ROAD

Puduppedu School Road guideline value

The current guideline value of Puduppedu School Road in Kolatti village is Rs 220 per sq.ft, effective from 1 July 2024. This property falls under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Puduppedu School Road has changed

The guideline value for Puduppedu School Road has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in the 2017 revision. Following this, the value increased to Rs 200 per sq.ft in the 2023 revision, and finally, it rose to Rs 220 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value increased by 10%. The register has no figure 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 of Rs 275 per sq.ft. The guideline value for Puduppedu School Road is below this median.

• Pudupedu Grama Sudukadu Pattai: 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)
• Ram Tulasi Nagar: Rs 330 per sq.ft (2024)
• Parasakthi Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Puduppedu School Road

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 details.

Which Sub Registrar Office covers Puduppedu School Road?

The Puduppedu School Road falls under 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 Kolatti

The guideline value is a crucial factor during the registration of property transactions in Kolatti. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Puduppedu School Road?

The current guideline value of Puduppedu School Road 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 to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the registration office for Puduppedu School Road?

The registration office that covers Puduppedu School Road is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Puduppedu School Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 220 per sq.ft, the stamp duty would be Rs 15,400.

What other streets in Kolatti have similar guideline values?

Other streets in Kolatti with similar guideline values include Pudupedu Grama Sudukadu Pattai and Pudhupedu Adidravidar Kudi Irupu, both at Rs 220 per sq.ft in 2024.