Guideline Value for Pudu Vellazhar Street

Pudu Vellazhar Street guideline value

The current guideline value of Pudu Vellazhar Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Pudu Vellazhar Street has changed

The guideline value for Pudu Vellazhar Street has remained consistent at Rs 600 per sq.ft for the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the value was Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 49% from the 2017 revision to the 2024 revision.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that have a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. Pudu Vellazhar Street's 2024 figure is equal to this median.

• Puduvattaram: Rs 300 per sq.ft (2024)
• Pudutheru Mangalam: Rs 600 per sq.ft (2024)
• Pudumettu Street: Rs 400 per sq.ft (2024)
• Prathatchanapattai: Rs 600 per sq.ft (2024)
• Pillayar Koil St D.M.Pet: Rs 600 per sq.ft (2024)
• Pillayar Koil St: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Pudu Vellazhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pudu Vellazhar Street?

Pudu Vellazhar Street falls under the Thirukazhukundram Sub Registrar Office located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Thirukalukundrem A. It determines the amount of stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value serves as a reference point for determining the official value of the property, which is essential for legal documentation and taxation purposes.

Frequently asked questions

What is the current guideline value of Pudu Vellazhar Street?

The current guideline value of Pudu Vellazhar Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. It increased from Rs 402 per sq.ft in 2017, showing a 49% rise over the period from 2017 to 2024.

What are the guideline values for other streets in Thirukalukundrem A?

The guideline values for other streets in Thirukalukundrem A range from Rs 300 to Rs 1,344 per sq.ft, with Pudu Vellazhar Street's value equal to the median of Rs 600 per sq.ft.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the total fees would amount to Rs 54,000.

Which office handles property registrations for Pudu Vellazhar Street?

The Thirukazhukundram Sub Registrar Office handles property registrations for Pudu Vellazhar Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.