Guideline Value for West Pudhuvai Nagar

West Pudhuvai Nagar guideline value

The current guideline value of West Pudhuvai Nagar, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 3,300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of West Pudhuvai Nagar has changed

Over the years, the guideline value for West Pudhuvai Nagar has seen significant changes. In 2003, the guideline value was Rs 363 per sq.ft, which increased to Rs 1,702 per sq.ft in 2007. Following this, the value rose to Rs 3,000 per sq.ft in 2012, but then saw a decrease to Rs 2,010 per sq.ft in 2017. The value increased again to Rs 3,000 per sq.ft in 2023, and most recently, it has reached Rs 3,300 per sq.ft in 2024. The register has no figure for this street for the year 2002.

From 2003 to 2024, there has been an overall increase of 809% in the guideline value. Notably, the jump from 2023 to 2024 was 10%, while the increase from 2017 to 2023 was 49%. The years 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was 76%, and from 2003 to 2007, it was a remarkable 369%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with the median value being Rs 3,300 per sq.ft. The guideline value for West Pudhuvai Nagar is equal to this median.

• West Pudhuvai Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• West Pudhuvai Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Works Road: Rs 2,750 per sq.ft (2024)
• Yadaval Street: Rs 2,160 per sq.ft (2024)
• Yadhaval Street: Rs 2,160 per sq.ft (2024)
• V.O.C. Street: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in West Pudhuvai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. Please note that the 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 more information.

Which Sub Registrar Office covers West Pudhuvai Nagar?

The Sub Registrar Office that covers West Pudhuvai 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 assistance.

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

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

When a property is sold, the guideline value is compared to 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 from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of West Pudhuvai Nagar?

The current guideline value of West Pudhuvai Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 363 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 809% over this period.

What is the land classification for West Pudhuvai Nagar?

West Pudhuvai Nagar is classified as Residential Class I Type - II according to the local land classification.

What are the stamp duty and registration fees for properties in West Pudhuvai Nagar?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for West Pudhuvai Nagar?

The Pallavaram Sub Registrar Office handles registrations for West Pudhuvai Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.