Guideline Value for Pudhu Nagar 2nd Street

Pudhu Nagar 2nd Street guideline value

The current guideline value of Pudhu Nagar 2nd Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Pudhu Nagar 2nd Street has changed

The guideline value for Pudhu Nagar 2nd Street has seen several revisions over the years. The earliest recorded value was Rs 3,500 per sq.ft in 2012, which then decreased to Rs 2,345 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,500 per sq.ft in 2023, and then to Rs 3,800 per sq.ft in 2024, marking a 9% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Pudhu Nagar 2nd Street's 2024 figure above the median.

• Pudhu Nagar 2nd Cross Street: Rs 3,800 per sq.ft (2024)
• Pudhu Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Pudhu Nagar 1st Cross Street: Rs 3,800 per sq.ft (2024)
• Pudu Nagar Kalaingar Karunanidhi 1st Street: Rs 3,800 per sq.ft (2024)
• Pudu Nagar Kalaingar Karunanidhi 2nd Street: Rs 3,800 per sq.ft (2024)
• Pudu Nagar Kalaingar Karunanidhi Nagar: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhu Nagar 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pudhu Nagar 2nd Street?

The Sub Registrar Office covering Pudhu Nagar 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO online.

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

The guideline value is a crucial factor in property transactions in Chembakkam. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating fees.

When purchasing property, it is essential to check the current guideline value to ensure compliance with registration requirements. This value is regularly updated, reflecting changes in the local real estate market.

Frequently asked questions

What is the current guideline value of Pudhu Nagar 2nd Street?

The current guideline value of Pudhu Nagar 2nd Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,800 per sq.ft in 2024.

What is the land classification of Pudhu Nagar 2nd Street?

Pudhu Nagar 2nd Street is classified as Commercial Class I Type - I.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,42,000 based on the current guideline value.

Where is the Sub Registrar Office located for Pudhu Nagar 2nd Street?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.