Guideline Value for Pandiyan Street (Pudur)

Pandiyan Street (Pudur) guideline value

The current guideline value of Pandiyan Street (Pudur) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Pandiyan Street (Pudur) has changed

The guideline value for Pandiyan Street (Pudur) has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in the 2017 revision. This was a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it to Rs 2,200 per sq.ft. The latest revision in 2024 raised the value to Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, and Pandiyan Street (Pudur) is above this median.

• Pandiyan Street (Prakash Nagar): Rs 2,400 per sq.ft (2024)
• Pandi Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Pandi Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Pannerselvam Street: Rs 2,400 per sq.ft (2024)
• Pandalamman Street: Rs 1,400 per sq.ft (2024)
• Panagal Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pandiyan Street (Pudur)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total cost Rs 2,16,000. 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 Pandiyan Street (Pudur)?

The Sub Registrar Office that covers Pandiyan Street (Pudur) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value as it directly affects the stamp duty and registration fees payable during the transaction.

When buying or selling a property, it is essential to consider the guideline value to ensure compliance with legal requirements. The registration process will rely on this value to assess the applicable charges, ensuring that both parties are adequately informed about the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Pandiyan Street (Pudur)?

The current guideline value of Pandiyan Street (Pudur) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Pandiyan Street (Pudur)?

The land classification for Pandiyan Street (Pudur) is Residential Special Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Pandiyan Street (Pudur)?

The Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.