Guideline Value for Pudu Nagar Kalaingar Karunanidhi 1st Street

Pudu Nagar Kalaingar Karunanidhi 1st Street guideline value

The current guideline value for Pudu Nagar Kalaingar Karunanidhi 1st Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, classified as Commercial Class I Type - I.

How the guideline value of Pudu Nagar Kalaingar Karunanidhi 1st Street has changed

Over the years, the guideline value for Pudu Nagar Kalaingar Karunanidhi 1st Street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. The guideline value then increased to Rs 3,500 per sq.ft in 2023 and further to Rs 3,800 per sq.ft in 2024, marking a 9% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Pudu Nagar Kalaingar Karunanidhi 1st Street is above this median.

• Pudu Nagar Kalaingar Karunanidhi 2nd Street: Rs 3,800 per sq.ft (2024)
• Pudu Nagar Kalaingar Karunanidhi Nagar: Rs 3,800 per sq.ft (2024)
• Pudu Nagar Main Road: Rs 3,800 per sq.ft (2024)
• Pudu Nagar M.G.R. 1st Street: Rs 3,800 per sq.ft (2024)
• Pudu Nagar M.G.R. 2nd Street: Rs 3,800 per sq.ft (2024)
• Pugazhandhi Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pudu Nagar Kalaingar Karunanidhi 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty, charged at 7%, would amount to Rs 2,66,000, while the registration fee at 2% would be Rs 76,000. Together, the total cost for stamp duty and registration fee would be Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pudu Nagar Kalaingar Karunanidhi 1st Street?

The Sub Registrar Office that covers Pudu Nagar Kalaingar Karunanidhi 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Chembakkam, as it determines the minimum value at which a property can be registered. This value is set by the government and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the sale price must be equal to or greater than the guideline value to ensure proper registration. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for Pudu Nagar Kalaingar Karunanidhi 1st Street?

The current guideline value for Pudu Nagar Kalaingar Karunanidhi 1st Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,800 per sq.ft in 2024.

What is the median guideline value in Chembakkam?

The median guideline value in Chembakkam is Rs 2,200 per sq.ft, with Pudu Nagar Kalaingar Karunanidhi 1st Street's value being above this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.