Guideline Value for Pudu Street

Pudu Street guideline value

The current guideline value of Pudu Street, located in Mylapore Part 1 village, is Rs 10,900 per sq.ft as per the 2024 revision effective from 1 July 2024. This street falls under the Chennai Central Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Pudu Street has changed

In the 2023 revision, the guideline value for Pudu Street was Rs 10,000 per sq.ft. The increase from 2023 to 2024 is 9%, bringing the current value to Rs 10,900 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available are from 2023 and 2024, showing a clear upward trend in the guideline value. The 2024 figure of Rs 10,900 per sq.ft is significantly above the median value of Rs 8,800 per sq.ft for the 333 streets in Mylapore Part 1 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 1

Mylapore Part 1 comprises 333 streets, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. Pudu Street's 2024 guideline value is above the median of Rs 8,800 per sq.ft.

• Pudupet Garden Street: Rs 7,700 per sq.ft (2024)
• Pudupet Garden 3rd Lane: Rs 7,700 per sq.ft (2024)
• Pudupet Garden 2nd Lane: Rs 7,700 per sq.ft (2024)
• Pudupet Garden 1st Lane: Rs 7,700 per sq.ft (2024)
• Purupettai Sardar Lane: Rs 7,700 per sq.ft (2024)
• Prasanna Vinayagar Koil Street: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in Pudu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 10,900 per sq.ft, the total guideline value amounts to Rs 1,09,00,000. The stamp duty at 7% would be Rs 7,63,000, and the registration fee at 2% would be Rs 2,18,000, resulting in a total of Rs 9,81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pudu Street?

The Sub Registrar Office that covers Pudu Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor in the registration process of property transactions in Mylapore Part 1. It determines the minimum value at which property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government, which helps in maintaining transparency and fairness in real estate transactions.

Frequently asked questions

What is the current guideline value of Pudu Street?

The current guideline value of Pudu Street is Rs 10,900 per sq.ft as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased by 9% from Rs 10,000 per sq.ft in 2023 to Rs 10,900 per sq.ft in 2024.

What is the land classification for Pudu Street?

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

Where can I find the registration office for Pudu Street?

The registration office for Pudu Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Pudu Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 7,63,000.