Guideline Value for Pudhu Street

Pudhu Street guideline value

The current guideline value of Pudhu Street in Oragadam village under the Ambattur SRO is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Pudhu Street has changed

The guideline value for Pudhu Street has undergone several revisions over the years. The earliest recorded figure was Rs 600 per sq.ft in 2007. This increased significantly to Rs 1,800 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 1,206 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase to Rs 1,800 per sq.ft in 2023, followed by a further rise to Rs 1,900 per sq.ft in 2024, which is a 6% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 217%, reflecting the changes in the market over these years.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which indicates that Pudhu Street's current figure is below the median.

• Prakash Nagar: Rs 2,400 per sq.ft (2024)
• Pushpa Nagar: Rs 1,600 per sq.ft (2024)
• Prakasam Street(1st Ward): Rs 1,100 per sq.ft (2024)
• Pushpa Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Prakasam (Garu) Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Puthur highways: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees to Rs 1,71,000. 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?

The Sub Registrar Office that covers Pudhu Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential figure used during the registration of property transactions in Oragadam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, understanding the guideline value helps both buyers and sellers gauge the official value of the property. It ensures that the transaction is recorded accurately in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Pudhu Street?

The current guideline value of Pudhu Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 217% over the years.

What is the land classification for Pudhu Street?

Pudhu Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Pudhu Street?

The Sub Registrar Office for Pudhu Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value for streets in Oragadam?

The median guideline value for streets in Oragadam is Rs 2,200 per sq.ft, which is above the current value of Pudhu Street.