Guideline Value for Pudhu Nagar 4th Street

Pudhu Nagar 4th Street guideline value

The current guideline value of Pudhu Nagar 4th Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Pullilyon village and falls under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pudhu Nagar 4th Street has changed

Over the years, the guideline value of Pudhu Nagar 4th Street has seen several revisions. The earliest recorded value is from 2007, which was Rs 400 per sq.ft. This increased to Rs 700 per sq.ft in 2012, marking a significant rise of 75%. However, from 2012 to 2017, the value decreased by 33% to Rs 469 per sq.ft. The next revision in 2023 saw a substantial increase of 49%, bringing the value to Rs 700 per sq.ft, which was then revised again to Rs 770 per sq.ft in 2024, reflecting a 10% increase.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 93%.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, positioning Pudhu Nagar 4th Street above this median.

• Pudhu Nagar 1st Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 2nd Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 3rd Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 4th Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 5th Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 6th Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 7th Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhu Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, resulting in a total cost of Rs 69,300 for these fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pudhu Nagar 4th Street?

The Sub Registrar Office that covers Pudhu Nagar 4th Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pullilyon. It serves as a reference point for determining the amount of stamp duty and registration fees that need to be paid. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to assess the applicable fees. This ensures that the transaction is documented accurately and that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pudhu Nagar 4th Street?

The current guideline value of Pudhu Nagar 4th Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 93% over the years.

What is the stamp duty rate for properties in Pudhu Nagar 4th Street?

The stamp duty rate for properties in Pudhu Nagar 4th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Pudhu Nagar 4th Street located?

The Sub Registrar Office for Pudhu Nagar 4th Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the other streets in Pullilyon with the same guideline value?

Other streets in Pullilyon that share the same guideline value of Rs 770 per sq.ft include Pudhu Nagar 1st Street, 2nd Street, 3rd Street, 5th Street, 6th Street, and 7th Street.