Guideline Value for Pudhupettai Street

Pudhupettai Street guideline value

The current guideline value of Pudhupettai Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO and is classified as Residential Class I Type - I.

How the guideline value of Pudhupettai Street has changed

The guideline value for Pudhupettai Street has seen several revisions over the years. In 2002, the guideline value was Rs 413 per sq.ft, which increased to Rs 487 per sq.ft in 2003. This was followed by a significant rise to Rs 1,250 per sq.ft in 2007, and then to Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in 2017. The guideline value then rose sharply to Rs 4,500 per sq.ft in 2023 before reaching the current value of Rs 5,000 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 11%. The overall increase from 2002 to 2024 is a remarkable 1,111%. There are no figures available in the register for revisions in years other than those listed.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, making the current figure for Pudhupettai Street above that median.

• Pushpavalli Street: Rs 3,900 per sq.ft (2024)
• Raghava Avenue: Rs 3,900 per sq.ft (2024)
• Ponniyamman Koil Street: Rs 3,900 per sq.ft (2024)
• Ponniyamman Koil Lane: Rs 3,900 per sq.ft (2024)
• Railway Colony 1st Street: Rs 3,900 per sq.ft (2024)
• Railway Colony 2nd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhupettai Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pudhupettai Street?

The Sub Registrar Office that covers Pudhupettai Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Adambakkam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction. This ensures that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are prepared for the fees associated with the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Pudhupettai Street?

The current guideline value of Pudhupettai Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 413 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting a significant increase over the years.

What is the median guideline value in Adambakkam?

The median guideline value in Adambakkam is Rs 3,900 per sq.ft, with Pudhupettai Street's value being above this median.

What are the stamp duty rates for properties in Pudhupettai Street?

The stamp duty for properties in Pudhupettai Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office should I visit for registration in Pudhupettai Street?

The Alandur Sub Registrar Office is responsible for property registrations in Pudhupettai Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.