Guideline Value for PANDURANGA COLONY

Panduranga Colony guideline value

The current guideline value of Panduranga Colony, located in Puliyur village under the Kodambakkam SRO, is Rs 5,000 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Panduranga Colony has changed

Over the years, the guideline value of Panduranga Colony has seen several revisions. The earliest recorded figure in 2002 was Rs 680 per sq.ft, which increased to Rs 747 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,200 per sq.ft in 2007, and then to Rs 5,800 per sq.ft in 2012. However, there was a notable decline to Rs 3,886 per sq.ft in 2017. The value then increased to Rs 4,600 per sq.ft in 2023, and most recently, it has been set at Rs 5,000 per sq.ft in 2024.

The changes between these revisions reflect various trends in the guideline values. From 2002 to 2003, the increase was 10%. The value surged by 61% from 2003 to 2007, followed by a remarkable 383% rise from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value then increased by 18% from 2017 to 2023, and finally, a 9% rise was observed from 2023 to 2024.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Panduranga Colony's 2024 figure below this median.

• Pandian Avenue: Rs 6,300 per sq.ft (2024)
• Pappathi Ammal Street: Rs 6,300 per sq.ft (2024)
• Parameswari Colony: Rs 5,800 per sq.ft (2024)
• Parangusapuram Street: Rs 7,100 per sq.ft (2024)
• Palli Salai: Rs 5,300 per sq.ft (2024)
• Pari Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Panduranga Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty, charged at 7%, would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, resulting in a total cost of Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Panduranga Colony?

The Sub Registrar Office that covers Panduranga Colony is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, 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 Panduranga Colony?

The current guideline value of Panduranga Colony is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 680 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting various increases and decreases over the years.

What is the median guideline value in Puliyur?

The median guideline value for the 648 streets in Puliyur is Rs 5,800 per sq.ft, with Panduranga Colony's value being below this median.

What are the stamp duty rates for properties in Panduranga Colony?

The stamp duty for properties in Panduranga Colony is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Panduranga Colony located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.