Guideline Value for PUDUR MEDU

Pudur Medu guideline value

The current guideline value for Pudur Medu is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village, under the Thiruttani Sub Registrar Office (SRO). The land classification for this street is Residential Class V Type - I.

How the guideline value of Pudur Medu has changed

The guideline value for Pudur Medu has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 64% in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, with rates ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, indicating that Pudur Medu's 2024 figure of Rs 550 per sq.ft is below this median.

• Pudur: Rs 548 per sq.ft (2024)
• Pudhu Vannarapettai: Rs 550 per sq.ft (2024)
• Poonga Nagar: Rs 550 per sq.ft (2024)
• Railway Quarters: Rs 1,099 per sq.ft (2024)
• Rajaji Street ( T V Malai): Rs 825 per sq.ft (2024)
• P.M.S.Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Pudur Medu

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 is charged at 7%, which equals Rs 38,500, and the registration fee at 2% amounts to Rs 11,000. Together, the total cost for stamp duty and registration fee is Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pudur Medu?

The Pudur Medu area is covered by the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must ensure that the transaction is registered at the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps in assessing the legal and financial obligations of both parties. It ensures transparency and compliance with local regulations, making it essential for all real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Pudur Medu?

The current guideline value of Pudur Medu 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 550 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the stamp duty rate for property in Pudur Medu?

The stamp duty rate for property transactions in Pudur Medu is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Thiruttani Sub Registrar Office?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What land classification does Pudur Medu fall under?

Pudur Medu is classified as Residential Class V Type - I, which is relevant for determining its guideline value and usage.