Guideline Value for WEST STREET

West Street guideline value

The current guideline value of West Street in Pudupet village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Pallipattu SRO and is classified as Residential Special Type - III.

How the guideline value of West Street has changed

The guideline value for West Street has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 335 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 600 per sq.ft, reflecting a total increase of 79% from the 2017 value.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and 2024, with no changes recorded in the intervening years.

Guideline values in Pudupet

In Pudupet, there are 42 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing West Street's 2024 figure above that median.

• West Street Santhu: Rs 250 per sq.ft (2024)
• Vaniyar Street: Rs 500 per sq.ft (2024)
• Theridistreet Santhu: Rs 300 per sq.ft (2024)
• Thalapathi Sivaraj Street: Rs 102 per sq.ft (2024)
• Subramaniya Nagar: Rs 600 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in West Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers West Street?

The Sub Registrar Office that covers West Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pudupet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of West Street?

The current guideline value of West Street in Pudupet village is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for West Street has increased from Rs 335 per sq.ft in 2017 to Rs 600 per sq.ft in 2024, reflecting a total increase of 79%.

What is the land classification for West Street?

West Street is classified as Residential Special Type - III under the Pallipattu SRO.

What are the stamp duty and registration fees for property in West Street?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 54,000, which includes a stamp duty of Rs 42,000 and a registration fee of Rs 12,000.

Which Sub Registrar Office covers West Street?

The Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, covers West Street.