Guideline Value for Puddor Street, Thiruvalluvar Nagar

Puddor Street, Thiruvalluvar Nagar guideline value

The current guideline value of Puddor Street, Thiruvalluvar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class I Type - II.

How the guideline value of Puddor Street, Thiruvalluvar Nagar has changed

The guideline value for Puddor Street has undergone several revisions over the years. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,250 per sq.ft, which increased by 10% to Rs 2,475 per sq.ft in the 2024 revision.

This increase reflects the adjustments made in the guideline values across various streets in the region. The current figure of Rs 2,475 per sq.ft is now the latest and represents a significant change from the previous year's value.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, positioning Puddor Street above this median with its current value of Rs 2,475 per sq.ft.

• Pugazenthi Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Pulavar Jeganathan Street / Pasumpon nagar: Rs 1,980 per sq.ft (2024)
• Prashanthi Nagar: Rs 1,870 per sq.ft (2024)
• Puspagiri Street: Rs 1,760 per sq.ft (2024)
• Pragalathan Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Pragalathan Street, Shankar Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Puddor Street, Thiruvalluvar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost for stamp duty and registration to Rs 2,22,750. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puddor Street, Thiruvalluvar Nagar?

The Sub Registrar Office that covers Puddor Street, Thiruvalluvar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When engaging in a real estate transaction, it is essential to be aware of the guideline value, as it can significantly impact the overall costs involved. Buyers and sellers should ensure that they are informed about the current guideline values to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value for Puddor Street, Thiruvalluvar Nagar?

The current guideline value for Puddor Street, Thiruvalluvar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,250 per sq.ft in 2023 to Rs 2,475 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft. Puddor Street's current value is above this median.

What are the stamp duty and registration fees for property in Puddor Street?

For a property valued at Rs 24,75,000, the stamp duty would be Rs 1,73,250 and the registration fee would be Rs 49,500, totaling Rs 2,22,750. Duty is charged on the higher of the guideline value and the sale price.

Which office handles registrations for Puddor Street?

The Pammal Sub Registrar Office handles registrations for Puddor Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.