Guideline Value for Pudhu Nagar Nethaji Street

Pudhu Nagar Nethaji Street guideline value

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

The guideline value for Pudhu Nagar Nethaji Street has seen several revisions over the years. The oldest recorded revision was in 2012, where the value was Rs 3,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 2,010 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

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 value across these streets is Rs 2,725 per sq.ft, placing Pudhu Nagar Nethaji Street's current value above that median.

• Pudhu Nagar M.G.R.Street: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Indira Gandhi 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 Erikarai 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 Nethaji 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. Together, these fees would total 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.

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

Which Sub Registrar Office covers Pudhu Nagar Nethaji Street?

The Sub Registrar Office that covers Pudhu Nagar Nethaji 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 plays a crucial role during the registration of property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential components of the registration process. This ensures that all transactions are conducted in accordance with the established legal framework.

Frequently asked questions

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

The current guideline value of Pudhu Nagar Nethaji 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 undergone several revisions, with the most recent being an increase from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. Overall, the value has increased by 10% from 2012 to 2024.

What is the land classification for Pudhu Nagar Nethaji Street?

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

What are the stamp duty and registration fees for properties in Pudhu Nagar Nethaji Street?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Where can I find the Sub Registrar Office for Pudhu Nagar Nethaji Street?

The Selaiyur Sub Registrar Office covers Pudhu Nagar Nethaji Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.