Guideline Value for Pudhu Nagar Bharathidasan Street

Pudhu Nagar Bharathidasan Street guideline value

The current guideline value of Pudhu Nagar Bharathidasan 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 Bharathidasan Street has changed

The guideline value for Pudhu Nagar Bharathidasan 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 current 2024 revision has further increased it to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

In summary, the guideline value has increased significantly from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, representing a total increase of 49% over this period. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam village, 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 guideline value for these streets is Rs 2,725 per sq.ft, which means that the value for Pudhu Nagar Bharathidasan Street is above the median.

• Pudhu Nagar Apposthalar Street: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Erikarai Street: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Anna 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 Indira Gandhi Street: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar M.G.R.Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhu Nagar Bharathidasan 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, and the registration fee at 2% would be Rs 66,000, bringing the total cost together 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 calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pudhu Nagar Bharathidasan Street?

The Sub Registrar Office that covers Pudhu Nagar Bharathidasan 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 for more information.

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

The guideline value is an essential factor when registering property transactions in Perumbakkam. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately, reflecting the value of the property as determined by the local authorities. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

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

The current guideline value of Pudhu Nagar Bharathidasan 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, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017, which shows a total increase of 49% from 2017 to 2024.

What is the land classification for Pudhu Nagar Bharathidasan Street?

Pudhu Nagar Bharathidasan Street is classified as Residential Special Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this 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. This office handles registrations for Pudhu Nagar Bharathidasan Street.