Guideline Value for Pudhu Nagar 7th Street

Pudhu Nagar 7th Street guideline value

The current guideline value of Pudhu Nagar 7th 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 7th Street has changed

The guideline value for Pudhu Nagar 7th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 400 per sq.ft. This increased to Rs 700 per sq.ft in 2012, representing a 75% rise. However, between 2012 and 2017, the value decreased by 33% to Rs 469 per sq.ft. The 2023 revision saw a significant increase to Rs 700 per sq.ft, followed by a further increase of 10% to the current value of Rs 770 per sq.ft in 2024.

In summary, the guideline value has changed as follows: Rs 400 in 2007, Rs 700 in 2012, Rs 469 in 2017, Rs 700 in 2023, and finally Rs 770 in 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Pullilyon

In Pullilyon village, there are 77 streets under the Redhills SRO that have a guideline value for 2024, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Pudhu Nagar 7th Street's current value above this median.

• Pudhu Nagar 6th Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 8th Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 5th Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 9th Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 4th Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 3rd Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhu Nagar 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. Please 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 7th Street?

Pudhu Nagar 7th Street is covered by 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 is an essential factor in the registration process when buying or selling property in Pullilyon. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Pudhu Nagar 7th Street?

The current guideline value of Pudhu Nagar 7th 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 in 2007 to Rs 770 in 2024, with various revisions in between, including Rs 700 in 2012 and Rs 469 in 2017.

What is the registration office for Pudhu Nagar 7th Street?

The registration office for Pudhu Nagar 7th Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum price for registration and is crucial for calculating stamp duty and registration fees during property transactions in Pullilyon.