Guideline Value for Pudu Street

Pudu Street guideline value

The current guideline value of Pudu Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village under the Sembiam SRO, classified as Residential Class II Type - I.

How the guideline value of Pudu Street has changed

The guideline value for Pudu Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 341 per sq.ft. This figure increased to Rs 370 per sq.ft in 2003, marking a 9% rise. The value saw a significant jump to Rs 700 per sq.ft in 2007, which is an increase of 89%. In 2012, the guideline value was revised to Rs 1,800 per sq.ft, reflecting a substantial increase of 157% from the previous figure. However, by 2017, the value decreased to Rs 1,206 per sq.ft, indicating a drop of 33%. The 2023 revision set the value at Rs 1,800 per sq.ft, and the latest revision in 2024 raised it to Rs 1,900 per sq.ft, a 6% increase.

There are no figures available for the years not mentioned in the revisions for this street. Overall, from 2002 to 2024, the guideline value has increased by 457%.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Pudu Street's 2024 figure below that median.

• Prakash Street: Rs 3,600 per sq.ft (2024)
• Puzhal Munuswamy Mudali Street: Rs 1,900 per sq.ft (2024)
• Prakash Avenue: Rs 3,500 per sq.ft (2024)
• Prakasam Street (Kennady Square): Rs 2,700 per sq.ft (2024)
• Prakasam Street: Rs 3,800 per sq.ft (2024)
• Raghavachari Street: Rs 3,800 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 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, leading to a total cost of Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Pudu Street?

Pudu Street falls under the jurisdiction of the Sembiam Sub Registrar Office located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Sembiam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to accurately assess the costs involved in property transactions. This value is updated periodically, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Pudu Street?

The current guideline value of Pudu Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 341 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, marking an overall increase of 457%.

What is the stamp duty rate for property in Pudu Street?

The stamp duty rate for property transactions in Pudu Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How many streets in Sembiam have a guideline value?

There are 250 streets in Sembiam under the Sembiam SRO that carry a guideline value for the year 2024.