Guideline Value for Pudu Street

Pudu Street guideline value

The current guideline value of Pudu Street in Menambedu village, under the Ambattur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Pudu Street has changed

The guideline value for Pudu Street has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This value remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. Following this, the 2023 revision brought the value back to Rs 1,000 per sq.ft, which was maintained in the 2024 revision, reflecting no change from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Pudu Street's 2024 figure below the median.

• Pounammal Street: Rs 1,700 per sq.ft (2024)
• Rajamanickam Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil Street Ward 6: Rs 1,001 per sq.ft (2024)
• Raja Rajeswari Nagar: Rs 1,002 per sq.ft (2024)
• Rajaram Colony: Rs 1,001 per sq.ft (2024)
• Pillaiyar Koil 6th Cross Street(Ward 7): Rs 1,001 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, while the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pudu Street?

The Sub Registrar Office covering Pudu Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pudu Street?

The current guideline value of Pudu Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pudu Street has seen various changes, with the most recent being a stable value of Rs 1,000 per sq.ft since 2023. It previously decreased to Rs 670 per sq.ft in 2017, showing a significant increase of 49% from 2017 to 2023.

What is the land classification for Pudu Street?

Pudu Street is classified under Residential Class III Type - I, which indicates its designation for residential purposes within the area.

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

The Sub Registrar Office for Pudu Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property in Pudu Street?

Stamp duty for property in Pudu Street 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 guideline value of Rs 1,000 per sq.ft, the total stamp duty would amount to Rs 70,000.