Guideline Value for Pudhu Nagar Indira Gandhi Street

Pudhu Nagar Indira Gandhi Street guideline value

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

How the guideline value of Pudhu Nagar Indira Gandhi Street has changed

The guideline value for Pudhu Nagar Indira Gandhi Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. However, this value increased significantly to Rs 3,000 per sq.ft in the 2023 revision and further to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the changes between revisions are notable: from 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam village, there are 225 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value is Rs 2,725 per sq.ft, making the current value of Pudhu Nagar Indira Gandhi Street above this median.

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

Stamp duty and registration fee for property in Pudhu Nagar Indira Gandhi 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 fees to Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Pudhu Nagar Indira Gandhi Street?

The Sub Registrar Office that covers Pudhu Nagar Indira Gandhi 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 a crucial factor in the registration process when buying or selling property in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property transactions.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline values.

Frequently asked questions

What is the current guideline value of Pudhu Nagar Indira Gandhi Street?

The current guideline value of Pudhu Nagar Indira Gandhi 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 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Pudhu Nagar Indira Gandhi Street?

Pudhu Nagar Indira Gandhi Street is classified as Residential Special Type - II, indicating its suitability for residential development.

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.

How is the stamp duty calculated for properties in Pudhu Nagar Indira Gandhi Street?

Stamp duty is calculated based on the guideline value or the sale price, 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%.