Guideline Value for Old Pumping Station Road

Old Pumping Station Road guideline value

The current guideline value of Old Pumping Station Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Old Pumping Station Road has changed

The guideline value for Old Pumping Station Road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and finally rose to Rs 2,200 per sq.ft in the 2024 revision, reflecting a change of +10% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value increased by +10%. The changes from the 2017 revision to the 2023 revision marked a substantial increase of +49%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Old Pumping Station Road's 2024 figure above this median.

• Old Jail Road: Rs 1,600 per sq.ft (2024)
• Old Glass Factory Road: Rs 2,200 per sq.ft (2024)
• Old Amarvathi Puram: Rs 1,300 per sq.ft (2024)
• Old Amaranjipuram Street: Rs 1,300 per sq.ft (2024)
• Old Amaranjipuram(Back): Rs 1,300 per sq.ft (2024)
• North Terminus Road: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Old Pumping Station Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Old Pumping Station Road?

The Sub Registrar Office that covers Old Pumping Station Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers and sellers should be aware of these values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Old Pumping Station Road?

The current guideline value of Old Pumping Station Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Old Pumping Station Road?

Old Pumping Station Road is classified as Residential Class I Type - I.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Where is the Sub Registrar Office for Old Pumping Station Road located?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.