Guideline Value for Pudhu Street 3rd Street

Pudhu Street 3rd Street guideline value

The current guideline value of Pudhu Street 3rd Street in Thiruneermalai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class I Type - II.

How the guideline value of Pudhu Street 3rd Street has changed

The guideline value for Pudhu Street 3rd Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a change of 49%. The most recent 2024 revision has further increased the guideline value to Rs 2,200 per sq.ft, a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, placing Pudhu Street 3rd Street's 2024 figure below that median.

• Pudhu Street Chandhu: Rs 2,200 per sq.ft (2024)
• Puganethzhi Street: Rs 2,420 per sq.ft (2024)
• Puthu Street 1st Street: Rs 2,200 per sq.ft (2024)
• Puthu Street 2nd Street: Rs 2,200 per sq.ft (2024)
• Ponappan Street: Rs 2,860 per sq.ft (2024)
• Pillayar Koil Street / Durga Nagar: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhu Street 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pudhu Street 3rd Street?

The Sub Registrar Office that covers Pudhu Street 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Thiruneermalai

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the guideline value to ensure compliance with local regulations. This value helps in assessing the fair value of the property for taxation and legal purposes.

Frequently asked questions

What is the current guideline value of Pudhu Street 3rd Street?

The current guideline value of Pudhu Street 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification for Pudhu Street 3rd Street?

Pudhu Street 3rd Street is classified as Residential Class I Type - II.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Pudhu Street 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be calculated at 7% of this amount.