Guideline Value for Pudupet New street

Pudupet New street guideline value

The current guideline value of Pudupet New street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class II Type - III.

How the guideline value of Pudupet New street has changed

The guideline value for Pudupet New street has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 508 per sq.ft. This increased to Rs 560 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 1,200 per sq.ft in 2007, which was a 114% change. Following this, the 2012 revision set the value at Rs 4,500 per sq.ft, reflecting a 275% increase from the previous revision. However, the value decreased by 33% to Rs 3,015 per sq.ft in 2017.

In the 2023 revision, the guideline value rose to Rs 4,500 per sq.ft, which was a 49% increase from the 2017 figure. The most recent revision in 2024 has set the guideline value at Rs 4,900 per sq.ft, marking a 9% increase from the previous year. There are no figures available for other revisions for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Pudupet New street's current value below this median.

• Prof. Subramaniam Street: Rs 8,300 per sq.ft (2024)
• Pullapuram 10th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 11th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 12th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 13th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 14th lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pudupet New street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pudupet New street?

The Sub Registrar Office that covers Pudupet New street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Egmore. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property in Pudupet New street or any other area, it is essential to have accurate information regarding the guideline value. This ensures that all fees are appropriately calculated and that the transaction complies with local regulations.

Frequently asked questions

What is the current guideline value of Pudupet New street?

The current guideline value of Pudupet New street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 508 in 2002 to Rs 4,900 in 2024, reflecting an overall increase of 865% over the years.

What are the stamp duty rates for property in Pudupet New street?

The stamp duty for property in Pudupet New street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Pudupet New street located?

The Sub Registrar Office for Pudupet New street is located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value for other streets in Egmore?

The median guideline value for other streets in Egmore is Rs 7,100 per sq.ft, which is higher than the current value of Pudupet New street.