Guideline Value for Pudhu Nagar Police Station

Pudhu Nagar Police Station guideline value

The current guideline value for properties near Pudhu Nagar Police Station in Thirunageswaram village, under the Kunrathur SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Pudhu Nagar Police Station has changed

The guideline value for Pudhu Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which then decreased to Rs 737 per sq.ft in the 2017 revision. The value increased significantly by 49% to Rs 1,100 per sq.ft in 2023, and further rose by 9% to Rs 1,200 per sq.ft in the 2024 revision.

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 9%.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value is Rs 1,550 per sq.ft, making the current value of Rs 1,200 per sq.ft for Pudhu Nagar below the median.

• Pudhu Nagar: Rs 1,200 per sq.ft (2024)
• Poosani Kuttai Road: Rs 1,100 per sq.ft (2024)
• Ponnaiamman Koil Street: Rs 1,200 per sq.ft (2024)
• Periya Street: Rs 2,000 per sq.ft (2024)
• Periyar Nagar 3rd Street: Rs 1,550 per sq.ft (2024)
• Periyar Nagar 2nd Street: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhu Nagar Police Station

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total charges to Rs 1,08,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pudhu Nagar Police Station?

The Sub Registrar Office covering Pudhu Nagar Police Station is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

When buying or selling property in Thirunageswaram, the guideline value is essential for determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is compliant with local regulations.

It is crucial for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions in the area. The guideline value is regularly updated, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value for Pudhu Nagar Police Station?

The current guideline value for properties near Pudhu Nagar Police Station is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then rising to Rs 1,100 per sq.ft in 2023, and finally reaching Rs 1,200 per sq.ft in 2024.

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

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles property registrations in Pudhu Nagar?

The Kunrathur Sub Registrar Office handles property registrations in Pudhu Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value?

The guideline value is used to determine the stamp duty and registration fees applicable during property transactions, ensuring compliance with local regulations.