Guideline Value for Puduvattaram

Puduvattaram guideline value

The current guideline value of Puduvattaram is Rs 300 per sq.ft, effective from 1 July 2024. This village falls under the Thirukazhukundram SRO and is classified as Residential Class V Type - I.

How the guideline value of Puduvattaram has changed

The guideline value for Puduvattaram has seen revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which remained unchanged at Rs 300 per sq.ft in the 2023 and 2024 revisions, indicating a 49% increase from 2017 to 2023. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, the guideline value did not change, remaining at Rs 300 per sq.ft. Overall, the change from the 2017 revision to the 2024 revision is a 49% increase.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO, with guideline values ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, placing Puduvattaram's 2024 figure below this median.

• Pudu Vellazhar Street: Rs 600 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 Puduvattaram

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 details.

Which Sub Registrar Office covers Puduvattaram?

The Sub Registrar Office that covers Puduvattaram is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process of property transactions in Thirukalukundrem A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the authorities.

When buying or selling property, the guideline value helps determine the legal value of the property, which is essential for the registration process. Buyers and sellers should be aware of the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Puduvattaram?

The current guideline value of Puduvattaram is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, while it increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the land classification of Puduvattaram?

Puduvattaram is classified as Residential Class V Type - I, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Puduvattaram?

The Thirukazhukundram Sub Registrar Office covers Puduvattaram, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for property in Puduvattaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft would incur a total stamp duty of Rs 21,000.