Guideline Value for Pudu Eri

Pudu Eri guideline value

The current guideline value of Pudu Eri is Rs 2,420 per sq.ft, effective from 1 July 2024. This area is located in Chengalpattu Town village and falls under the Chengleput Joint I SRO. The land classification for this region is Residential Class III Type - I.

How the guideline value of Pudu Eri has changed

The guideline value of Pudu Eri has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 285 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking a change of +672%. However, it then decreased to Rs 1,474 per sq.ft in 2017, reflecting a -33% change. The most recent revision in 2023 set the value at Rs 2,200 per sq.ft, which then increased to Rs 2,420 per sq.ft in 2024, a change of +10%.

Overall, from 2007 to 2024, the guideline value has increased by +749%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,025 per sq.ft, placing Pudu Eri's 2024 figure below this median.

• Pudukarai ( Nadu Street): Rs 2,200 per sq.ft (2024)
• Ragavanar Street: Rs 3,025 per sq.ft (2024)
• Rajaji Street: Rs 5,500 per sq.ft (2024)
• Pillaiyar Kulam Street: Rs 4,125 per sq.ft (2024)
• Rajeswari Vedachalam Street: Rs 3,850 per sq.ft (2024)
• Periyamaniyakara Street: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in Pudu Eri

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value comes to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. 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 Pudu Eri?

The Sub Registrar Office that covers Pudu Eri is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is an essential factor in the property registration process in Chengalpattu Town. It serves as a benchmark for determining the applicable stamp duty and registration fees when buying or selling property.

When registering a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pudu Eri?

The current guideline value of Pudu Eri is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 285 per sq.ft in 2007 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of +749% over the years.

What is the median guideline value in Chengalpattu Town?

The median guideline value for streets in Chengalpattu Town is Rs 3,025 per sq.ft, with Pudu Eri's 2024 figure being below this median.

What are the stamp duty rates in Pudu Eri?

The stamp duty in Pudu Eri is calculated at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pudu Eri?

The Sub Registrar Office for Pudu Eri is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint I SRO.