Guideline Value for SALIYAR STREET(A)GANDHI STREET

Saliyar Street(A)gandhi Street guideline value

The current guideline value for Saliyar Street(A)gandhi Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Pudupet village under the Pallipattu SRO and is classified as Residential Class I Type - I.

How the guideline value of Saliyar Street(A)gandhi Street has changed

In the 2017 revision, the guideline value was set at Rs 234 per sq.ft. This figure increased to Rs 350 per sq.ft in the 2023 revision, representing a 50% increase. The guideline value remained unchanged at Rs 350 per sq.ft in the 2024 revision, indicating no further change from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Pudupet

Pudupet village has a total of 42 streets under the Pallipattu SRO, with the 2024 guideline values ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value in this village is Rs 350 per sq.ft, which is equal to the current guideline value for Saliyar Street(A)gandhi Street.

• Santhapet 1 Street: Rs 500 per sq.ft (2024)
• Santhapet 2 Street: Rs 500 per sq.ft (2024)
• Sholighur Road: Rs 500 per sq.ft (2024)
• Radha Nagar: Rs 250 per sq.ft (2024)
• Pudupattupattuharijana Kolini: Rs 126 per sq.ft (2024)
• Pudupattu: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Saliyar Street(A)gandhi Street

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is important to note that 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 precise calculations based on your property details.

Which Sub Registrar Office covers Saliyar Street(A)gandhi Street?

The Saliyar Street(A)gandhi Street falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process of property transactions in Pudupet. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Saliyar Street(A)gandhi Street?

The current guideline value for Saliyar Street(A)gandhi Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023, and it remained the same in 2024. Overall, there has been a 50% increase from 2017 to 2024.

What is the median guideline value for streets in Pudupet?

The median guideline value for streets in Pudupet is Rs 350 per sq.ft. This is the same as the current guideline value for Saliyar Street(A)gandhi Street.

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

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500, and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Saliyar Street(A)gandhi Street?

The Pallipattu Sub Registrar Office handles registrations for Saliyar Street(A)gandhi Street. It is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.