Guideline Value for Puduvai Nagar

Puduvai Nagar guideline value

The current guideline value of Puduvai Nagar, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 4,400 per sq.ft. This value is effective from 1 July 2024 and reflects the land classification as Commercial Class I Type - III.

How the guideline value of Puduvai Nagar has changed

The guideline value for Puduvai Nagar has seen significant changes over the years. In 2003, the value was Rs 363 per sq.ft, which increased to Rs 600 per sq.ft in 2007. Following that, the value surged to Rs 4,000 per sq.ft in 2012, before dropping to Rs 2,680 per sq.ft in 2017. The value then rose to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision.

Notable changes between revisions include a 10% increase from 2023 to 2024, a substantial 49% rise from 2017 to 2023, and a significant 567% increase from 2007 to 2012. The register has no figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Puduvai Nagar's 2024 figure above that median.

• Pudhuvai Nagar East Colony: Rs 4,400 per sq.ft (2024)
• Pudhu Nagar: Rs 2,750 per sq.ft (2024)
• P.V. Atchari Street: Rs 3,300 per sq.ft (2024)
• P.V.Vithiyalingam Road: Rs 3,520 per sq.ft (2024)
• Radhabai Ammal (Layout): Rs 2,160 per sq.ft (2024)
• Radhabaiammal Nagar 1st Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Puduvai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, resulting in a total of Rs 3,96,000. It is important to note that 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 details.

Which Sub Registrar Office covers Puduvai Nagar?

The Sub Registrar Office that covers Puduvai Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Puduvai Nagar?

The current guideline value of Puduvai Nagar is Rs 4,400 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 363 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, with various increases and decreases noted in the revisions.

What is the land classification of Puduvai Nagar?

Puduvai Nagar is classified as Commercial Class I Type - III, which is relevant for understanding its use and valuation.

Where can I find the Sub Registrar Office for Puduvai Nagar?

The Sub Registrar Office for Puduvai Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Puduvai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.