Guideline Value for Pudthu vattaram 169/1,2

Pudthu vattaram 169/1,2 guideline value

The current guideline value for Pudthu vattaram 169/1,2 is Rs 1,100 per sq.ft. This property is located in Madavilagam village, under the Poonamallee SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Pudthu vattaram 169/1,2 has changed

The guideline value for Pudthu vattaram 169/1,2 has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent 2024 revision raised it to Rs 1,100 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, the changes are notable. From 2007 to 2012, there was a substantial increase of 300%. However, from 2012 to 2017, the value decreased by 33%. The value then rose by 49% from 2017 to 2023, before increasing by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Madavilagam

In Madavilagam, there are 37 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current value of Pudthu vattaram 169/1,2.

• Pillaiyar koil street: Rs 1,100 per sq.ft (2024)
• Nedunchalai: Rs 1,100 per sq.ft (2024)
• Shanmugapuram 1street 155/3: Rs 1,100 per sq.ft (2024)
• Shanmugapuram 2street 155/3: Rs 1,100 per sq.ft (2024)
• Shanmugapuram 3street 155/3: Rs 1,100 per sq.ft (2024)
• Shanmugapuram sandhu 169/1,2: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pudthu vattaram 169/1,2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 Pudthu vattaram 169/1,2?

The Sub Registrar Office that covers Pudthu vattaram 169/1,2 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madavilagam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must refer to the guideline value to ensure that the correct fees are calculated based on the higher of the guideline value or the sale price. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for Pudthu vattaram 169/1,2?

The current guideline value for Pudthu vattaram 169/1,2 is Rs 1,100 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification for Pudthu vattaram 169/1,2?

Pudthu vattaram 169/1,2 falls under the Residential Class I Type - I land classification.

What are the other streets in Madavilagam with the same guideline value?

Several other streets in Madavilagam also have a guideline value of Rs 1,100 per sq.ft for 2024, including Pillaiyar koil street, Nedunchalai, and various streets in Shanmugapuram.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more information by visiting the relevant link.