Guideline Value for Pudu Nagar Kalaingar Karunanidhi Nagar

Pudu Nagar Kalaingar Karunanidhi Nagar guideline value

The current guideline value for Pudu Nagar Kalaingar Karunanidhi Nagar is Rs 3,800 per sq.ft, effective from 1 July 2024. This area 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 Nagar has changed

The guideline value for Pudu Nagar Kalaingar Karunanidhi Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 750 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a 367% rise. However, in 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,800 per sq.ft in 2024, reflecting a 9% change from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 407%.

There are no figures available in the register for the years 2002 and 2003 for this street. The revisions show a dynamic history of changes in the guideline value, reflecting various market conditions.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing the 2024 figure for Pudu Nagar Kalaingar Karunanidhi Nagar above this median.

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

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 fees to Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pudu Nagar Kalaingar Karunanidhi Nagar?

The Sub Registrar Office covering Pudu Nagar Kalaingar Karunanidhi Nagar 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 critical factor in the registration process when buying or selling property in Chembakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure they comply with the legal requirements.

When a property is sold, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from property transactions based on the prevailing market conditions.

Frequently asked questions

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

The current guideline value for Pudu Nagar Kalaingar Karunanidhi Nagar 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 significantly from Rs 750 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 407% over the period.

What are the stamp duty and registration fees for this area?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles registrations for Pudu Nagar Kalaingar Karunanidhi Nagar?

The Selaiyur Sub Registrar Office handles registrations for Pudu Nagar Kalaingar Karunanidhi Nagar, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What other streets have the same guideline value?

Other streets in Chembakkam, such as Pudu Nagar Kalaingar Karunanidhi 2nd Street, Pudu Nagar Main Road, and others, also have a guideline value of Rs 3,800 per sq.ft in 2024.