Guideline Value for Pudhu Street Chandhu

Pudhu Street Chandhu guideline value

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

How the guideline value of Pudhu Street Chandhu has changed

Over the years, the guideline value of Pudhu Street Chandhu has seen significant changes. The 2017 revision recorded a guideline value of Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Thiruneermalai

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

• Pudhu Street 3rd Street: 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 Chandhu

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees would total Rs 1,98,000. It's 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 details.

Which Sub Registrar Office covers Pudhu Street Chandhu?

The Sub Registrar Office that covers Pudhu Street Chandhu 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 the registration process of property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the sale price is aligned with the established market rates.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of Pudhu Street Chandhu?

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%.

What is the stamp duty rate for properties in Pudhu Street Chandhu?

The stamp duty rate for properties in Pudhu Street Chandhu is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Pudhu Street Chandhu located?

The Sub Registrar Office for Pudhu Street Chandhu is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Thiruneermalai?

The median guideline value for streets in Thiruneermalai is Rs 2,420 per sq.ft, while Pudhu Street Chandhu's value is below this median.