Guideline Value for Pudu Nagar Kalaingar Karunanidhi 2nd Street

Pudu Nagar Kalaingar Karunanidhi 2nd Street guideline value

The current guideline value for Pudu Nagar Kalaingar Karunanidhi 2nd Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Pudu Nagar Kalaingar Karunanidhi 2nd Street has changed

The guideline value for Pudu Nagar Kalaingar Karunanidhi 2nd Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was then reduced to Rs 2,345 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value increased significantly to Rs 3,500 per sq.ft in the 2023 revision and further rose to Rs 3,800 per sq.ft in the 2024 revision, reflecting a 9% increase.

To summarize, the guideline value has increased from Rs 2,345 per sq.ft in 2017 to Rs 3,800 per sq.ft in 2024, which is a total increase of 49% over this period. Overall, comparing the 2012 figure to the 2024 figure, there has been a 9% increase.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a guideline value for 2024 ranging from Rs 850 to Rs 6,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Pudu Nagar Kalaingar Karunanidhi 2nd Street's 2024 figure above the median.

• Pudu Nagar Kalaingar Karunanidhi 1st 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 2nd 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 at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total charges to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pudu Nagar Kalaingar Karunanidhi 2nd Street?

The Sub Registrar Office that covers Pudu Nagar Kalaingar Karunanidhi 2nd 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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Chembakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value as it can influence the overall costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value for Pudu Nagar Kalaingar Karunanidhi 2nd Street?

The current guideline value for Pudu Nagar Kalaingar Karunanidhi 2nd 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 increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,800 per sq.ft in 2024.

What is the land classification for Pudu Nagar Kalaingar Karunanidhi 2nd Street?

Pudu Nagar Kalaingar Karunanidhi 2nd Street is classified as Commercial Class I Type - I.

What is the registration office for this street?

The registration office covering Pudu Nagar Kalaingar Karunanidhi 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.