Guideline Value for East Street

East Street guideline value

The current guideline value of East Street in Pulikoradu village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of East Street has changed

The guideline value for East Street has undergone several revisions over the years. The earliest available figure is from 2007, where the value was Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 167%. However, the value then decreased to Rs 536 per sq.ft in 2017, a decline of 33%. The 2023 revision saw a substantial increase to Rs 800 per sq.ft, followed by a further rise to Rs 880 per sq.ft in 2024, amounting to a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the current 2024 value, the guideline value has risen by 193%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the guideline value of East Street.

• Erikkarai Street: Rs 880 per sq.ft (2024)
• Devi Granites: Rs 880 per sq.ft (2024)
• Gandhi Nagar: Rs 880 per sq.ft (2024)
• David Nagar: Rs 1,650 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 880 per sq.ft (2024)
• Burma colony 3rd nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600. Together, the total cost for these fees would be Rs 79,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers East Street?

The Sub Registrar Office covering East Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Pulikoradu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the duties owed to the government. This ensures that all property transactions are recorded at a fair value, which helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of East Street?

The current guideline value of East Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 300 per sq.ft to Rs 880 per sq.ft in 2024, marking an overall increase of 193% across the revisions.

What is the land classification for East Street?

East Street is classified as Residential Class II Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for East Street?

The Sub Registrar Office for East Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How do stamp duty and registration fees work in Pulikoradu?

Stamp duty and registration fees in Pulikoradu are calculated based on the guideline value or the sale price, whichever is higher. These fees must be paid at the time of property registration to complete the transaction legally.