Guideline Value for Pudhu Nagar

Pudhu Nagar guideline value

The current guideline value of Pudhu Nagar, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 2,750 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Pudhu Nagar has changed

The guideline value for Pudhu Nagar has undergone several revisions over the years. The earliest recorded revision in 2003 set the value at Rs 331 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking an increase of 81%. The value remained unchanged at Rs 2,500 per sq.ft from 2012 until 2023. The 2023 revision again set the value at Rs 2,500 per sq.ft, but the latest revision in 2024 raised it to Rs 2,750 per sq.ft, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2017 for this street. Overall, from 2003 to 2024, the guideline value has increased by 731%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, placing Pudhu Nagar's 2024 figure below this median.

• Pudhuvai Nagar East Colony: Rs 4,400 per sq.ft (2024)
• Puduvai Nagar: Rs 4,400 per sq.ft (2024)
• P.V. Atchari Street: Rs 3,300 per sq.ft (2024)
• P.V.Vithiyalingam Road: Rs 3,520 per sq.ft (2024)
• Radhabai Ammal (Layout): Rs 2,160 per sq.ft (2024)
• Radhabaiammal Nagar 1st Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total charges Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pudhu Nagar?

The Sub Registrar Office that covers Pudhu Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Zaminpallavaram, as it determines the minimum value at which a property can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it influences the overall costs associated with property transactions. It is advisable to check the latest guideline values before proceeding with any property dealings to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pudhu Nagar?

The current guideline value of Pudhu Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 331 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 731% over this period.

What are the stamp duty and registration fees for property in Pudhu Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total charges would be Rs 2,47,500.

Which Sub Registrar Office covers Pudhu Nagar?

The Pallavaram Sub Registrar Office covers Pudhu Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What is the land classification for Pudhu Nagar?

Pudhu Nagar falls under the Residential Class II Type - I land classification, which is important for understanding the permissible uses of the land.