Guideline Value for Kunzhumedu Pulikoradu

Kunzhumedu Pulikoradu guideline value

The current guideline value of Kunzhumedu Pulikoradu is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Pulikoradu village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Kunzhumedu Pulikoradu has changed

The guideline value for Kunzhumedu Pulikoradu has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 600 per sq.ft. This value increased to Rs 800 per sq.ft in 2023, marking a 33% increase from the 2012 figure. The most recent revision in 2024 set the guideline value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 47%.

Guideline values in Pulikoradu

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

• Kuttakkarai Street: Rs 1,100 per sq.ft (2024)
• Mahalakshmi Nagar Extension: Rs 880 per sq.ft (2024)
• Kasthuribai Nagar: Rs 1,100 per sq.ft (2024)
• Karunanidhi Nagar: Rs 880 per sq.ft (2024)
• Mariamman Koil Street: Rs 880 per sq.ft (2024)
• Kamban Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kunzhumedu Pulikoradu

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty, calculated at 7%, would be Rs 61,600, while the registration fee at 2% would be Rs 17,600. The total cost for stamp duty and registration fee together would be Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kunzhumedu Pulikoradu?

The Sub Registrar Office that covers Kunzhumedu Pulikoradu 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kunzhumedu Pulikoradu. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is essential for calculating the stamp duty and registration fees that are required during the transaction.

When a property is sold, the sale price must be at least equal to the guideline value to avoid any legal complications. Buyers and sellers should be aware of the guideline value to ensure that their transactions comply with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Kunzhumedu Pulikoradu?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024. The overall increase from 2012 to 2024 is 47%.

What are the stamp duty and registration fees for property in Kunzhumedu Pulikoradu?

For a property valued at Rs 8,80,000, the stamp duty is Rs 61,600 and the registration fee is Rs 17,600, totaling Rs 79,200. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Kunzhumedu Pulikoradu?

The Tambaram Joint 1 Sub Registrar Office handles property registration for Kunzhumedu Pulikoradu, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Kunzhumedu Pulikoradu?

The land classification for Kunzhumedu Pulikoradu is Residential Class II Type - III, indicating its suitability for residential development.