Guideline Value for Podi Kadai Lane

Podi Kadai Lane guideline value

The current guideline value of Podi Kadai Lane is Rs 700 per sq.ft. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Podi Kadai Lane has changed

The guideline value for Podi Kadai Lane has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 700 per sq.ft, consistent with the 2023 revision. Prior to that, in 2017, the value was Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, the guideline value has increased by 49% from 2017 to 2024, remaining steady at Rs 700 per sq.ft in the last two revisions.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which matches the guideline value of Podi Kadai Lane.

• Pooja Park: Rs 1,800 per sq.ft (2024)
• Pootheri pandai: Rs 700 per sq.ft (2024)
• Peyaridappadatha Manaipirivu: Rs 800 per sq.ft (2024)
• Priya nagar: Rs 700 per sq.ft (2024)
• Priyanka Nagar: Rs 700 per sq.ft (2024)
• Pattu nool Chatram: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Podi Kadai Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Podi Kadai Lane?

The Sub Registrar Office that covers Podi Kadai Lane is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with legal requirements.

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

Frequently asked questions

What is the current guideline value of Podi Kadai Lane?

The current guideline value of Podi Kadai Lane is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for Podi Kadai Lane?

Podi Kadai Lane is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where is the Sub Registrar Office for Podi Kadai Lane located?

The Sub Registrar Office that covers Podi Kadai Lane is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Podi Kadai Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 7,00,000 would incur a stamp duty of Rs 49,000 at a rate of 7%.