Guideline Value for Pudhu Nagar Apposthalar Street

Pudhu Nagar Apposthalar Street guideline value

The current guideline value of Pudhu Nagar Apposthalar Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Pudhu Nagar Apposthalar Street has changed

The guideline value for Pudhu Nagar Apposthalar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,010 per sq.ft. The 2023 revision increased the value to Rs 3,000 per sq.ft, and the latest 2024 revision raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value among these streets is Rs 2,725 per sq.ft, placing Pudhu Nagar Apposthalar Street above this median value.

• Pudhu Nagar Anna Street: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Bharathidasan Street: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Erikarai Street: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Indira Gandhi 1st to 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Indira Gandhi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhu Nagar Apposthalar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pudhu Nagar Apposthalar Street?

Pudhu Nagar Apposthalar Street falls under the jurisdiction of 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. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Perumbakkam. It is used to determine the stamp duty and registration fees applicable during the registration of property. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pudhu Nagar Apposthalar Street?

The current guideline value of Pudhu Nagar Apposthalar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, which is a 10% increase. The value has also seen a significant increase of 49% from Rs 2,010 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023.

What is the land classification for Pudhu Nagar Apposthalar Street?

Pudhu Nagar Apposthalar Street is classified as Residential Special Type - II. This classification affects the guideline value and the types of properties that can be developed in the area.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Pudhu Nagar Apposthalar Street?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.