Guideline Value for Puthavedu Reddiar Street

Puthavedu Reddiar Street guideline value

The current guideline value of Puthavedu Reddiar Street is Rs 1,100 per sq.ft. This street is located in Erandankattalai village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Puthavedu Reddiar Street has changed

The guideline value for Puthavedu Reddiar Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, a 10% increase from Rs 1,000 per sq.ft in the 2023 revision. Prior to that, in 2017, the value was Rs 670 per sq.ft, marking a significant increase of 49% to the 2023 figure.

The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures listed for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 770 to Rs 4,270 per sq.ft, with the median being Rs 1,100 per sq.ft. Puthavedu Reddiar Street's 2024 guideline value is equal to this median.

• Rajagopal Avenue: Rs 1,640 per sq.ft (2024)
• Pesil Greens: Rs 1,100 per sq.ft (2024)
• Perumal Koil Street: Rs 1,100 per sq.ft (2024)
• Reddy Street: Rs 1,100 per sq.ft (2024)
• Royal Enclave: Rs 2,465 per sq.ft (2024)
• Sadhanandhapuram: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Puthavedu Reddiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, leading to a total cost of Rs 99,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Puthavedu Reddiar Street?

The Puthavedu Reddiar Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is crucial during the registration of property transactions in Erandankattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the costs involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Puthavedu Reddiar Street?

The current guideline value of Puthavedu Reddiar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% to reach Rs 1,100 per sq.ft in 2024. The most notable changes were a 49% increase from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, followed by a 10% increase in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Puthavedu Reddiar Street?

The Pammal Sub Registrar Office is responsible for handling property registrations for Puthavedu Reddiar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with the same guideline value in Erandankattalai?

Yes, several other streets in Erandankattalai have the same guideline value of Rs 1,100 per sq.ft, including Pesil Greens, Perumal Koil Street, Reddy Street, and Sadhanandhapuram.