Guideline Value

Corporate

Guideline Value for Pudhupettai Street

₹3300/sq.ft.

The guideline value for Pudhupettai Street in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹396 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹317 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Pudhupettai Street

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Pudhupettai Street guideline value

The current guideline value of Pudhupettai Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Parangimalai village, under the Chennai South Joint II SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Pudhupettai Street has changed

The guideline value for Pudhupettai Street has undergone several revisions over the years. In 2002, the value was Rs 317 per sq.ft, which increased to Rs 396 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,100 per sq.ft in 2007, and the value further climbed to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017. The value then rose to Rs 3,000 per sq.ft in 2023, before reaching the current rate of Rs 3,300 per sq.ft in 2024.

In terms of percentage changes, from 2002 to 2024, the overall increase is +941%. The change from 2023 to 2024 reflects a +10% increase, while the jump from 2017 to 2023 shows a significant +49% rise. The value decreased by -33% from 2012 to 2017, while it increased by +173% from 2007 to 2012 and by +178% from 2003 to 2007. The register has no figures for the years not mentioned.

Guideline values in Parangimalai

In Parangimalai village, there are a total of 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, placing Pudhupettai Street's 2024 figure below this median.

Stamp duty and registration fee for property in Pudhupettai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Pudhupettai Street?

Pudhupettai Street falls under the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Parangimalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared with the sale price. The duty is charged on the higher of the two, ensuring that the registration reflects the true market value of the property being transacted.

Frequently asked questions

What is the current guideline value of Pudhupettai Street?

The current guideline value of Pudhupettai Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen significant changes, increasing from Rs 317 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, which is an overall increase of +941%.

What is the median guideline value in Parangimalai?

The median guideline value for the 233 streets in Parangimalai is Rs 3,850 per sq.ft, which means Pudhupettai Street's value is below this median.

What are the stamp duty and registration fees for properties in Pudhupettai Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

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

The Sub Registrar Office for Pudhupettai Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.