Guideline Value for Pudhupettai

Pudhupettai guideline value

The current guideline value of Pudhupettai, located in Karasangal village under the Acchirapakkam SRO, is Rs 103 per sq.ft. This value is effective from the 2024 revision, which took place on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pudhupettai has changed

The guideline value for Pudhupettai has seen significant changes over the years. The 2017 revision set the value at Rs 27 per sq.ft. This was followed by a substantial increase to Rs 100 per sq.ft in the 2023 revision, marking a 270% rise. The most recent revision in 2024 raised the value further to Rs 103 per sq.ft, a 3% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 281%.

Guideline values in Karasangal

In Karasangal, there are 16 streets under the Acchirapakkam SRO that have a guideline value for 2024 ranging from Rs 103 to Rs 115 per sq.ft. The median value for these streets is Rs 103 per sq.ft, which is the same as the guideline value for Pudhupettai.

• Perumal Koil Street: Rs 103 per sq.ft (2024)
• Pallikuda Street: Rs 103 per sq.ft (2024)
• Nadu Street: Rs 103 per sq.ft (2024)
• Nadu Attrankarai Street: Rs 103 per sq.ft (2024)
• Mela theru: Rs 103 per sq.ft (2024)
• Little India: Rs 115 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhupettai

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, while the registration fee at 2% would be Rs 2,060. Therefore, the total cost for stamp duty and registration would be Rs 9,270. 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 precise calculations.

Which Sub Registrar Office covers Pudhupettai?

Pudhupettai falls under the jurisdiction of the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Karasangal, as it determines the amount of stamp duty and registration fees payable. Buyers should be aware that the guideline value is used as a benchmark during the registration process, ensuring that the transaction is recorded accurately.

When registering property, the guideline value helps to establish a fair basis for taxation. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pudhupettai?

The current guideline value of Pudhupettai is Rs 103 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 27 per sq.ft to Rs 103 per sq.ft in 2024, marking an overall increase of 281%.

What are the stamp duty rates for property in Pudhupettai?

The stamp duty rate for property in Pudhupettai is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I visit for property transactions in Pudhupettai?

You should visit the Acchirapakkam Sub Registrar Office located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone for property transactions in Pudhupettai.

How is the guideline value determined for different streets in Karasangal?

The guideline value for different streets in Karasangal is determined by the Registration Department's guideline value register, with values varying based on the specific street and its classification.