Guideline Value for Pudhu Nagar

Pudhu Nagar guideline value

The current guideline value of Pudhu Nagar, located in Thirunageswaram village under the Kunrathur SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Pudhu Nagar has changed

In the 2012 revision, the guideline value was Rs 1,100 per sq.ft. This figure remained until the 2017 revision when it decreased to Rs 737 per sq.ft, reflecting a decline of 33%. The value then increased significantly to Rs 1,100 per sq.ft in the 2023 revision, and further rose to Rs 1,200 per sq.ft in the 2024 revision, marking a 9% increase from the previous year. The overall change from 2012 to 2024 shows a modest increase of 9%.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. The 2023 revision saw a notable increase of 49% from the 2017 figure, indicating a marked adjustment in the guideline value over the recent years.

Guideline values in Thirunageswaram

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

• Pudhu Nagar Police Station: 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

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, leading to a total of Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pudhu Nagar?

The Sub Registrar Office that covers Pudhu Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial reference for property transactions in Thirunageswaram. It is used to determine the stamp duty and registration fees payable when buying or selling property in the area. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal and financial obligations during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pudhu Nagar?

The current guideline value of Pudhu Nagar 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 changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the land classification of Pudhu Nagar?

Pudhu Nagar is classified as Residential Class I Type - I under the Kunrathur SRO.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 1,08,000 in fees based on the current guideline value.

Where is the Sub Registrar Office for Pudhu Nagar located?

The Sub Registrar Office for Pudhu Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.