Guideline Value for PUDHU MAMBAKKAM PILLIYARKOIL STREET

Pudhu Mambakkam Pilliyarkoil Street guideline value

The current guideline value of Pudhu Mambakkam Pilliyarkoil Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Mambakkam village, under the Madurandakam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pudhu Mambakkam Pilliyarkoil Street has changed

The guideline value for Pudhu Mambakkam Pilliyarkoil Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 80 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, followed by a decrease to Rs 201 per sq.ft in 2017. The value then rose sharply to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2007 to 2024, the overall increase in the guideline value is 313%. Notably, the 2012 to 2017 revision saw a decrease of 33%, while the most substantial increase occurred from 2007 to 2012, with a rise of 275%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Mambakkam

In Mambakkam, there are 26 streets under the Madurandakam SRO that have a guideline value for 2024, ranging from Rs 330 to Rs 770 per sq.ft. The median guideline value is Rs 330 per sq.ft, which is the same as the guideline value for Pudhu Mambakkam Pilliyarkoil Street.

• Rose Garden: Rs 770 per sq.ft (2024)
• Om Sakthi Avenue: Rs 770 per sq.ft (2024)
• Old Mambakkam Sunambedu Road: Rs 330 per sq.ft (2024)
• Old Mambakkam Ora Veedhi Street: Rs 330 per sq.ft (2024)
• Old Mambakkam Old Brammanar Street, Jayanagar: Rs 330 per sq.ft (2024)
• Old Mambakkam Gandhi Street: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhu Mambakkam Pilliyarkoil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. 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 Pudhu Mambakkam Pilliyarkoil Street?

Pudhu Mambakkam Pilliyarkoil Street is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Mambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a reference point for property transactions, ensuring that the correct fees are applied during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property transactions. This value is periodically revised, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Pudhu Mambakkam Pilliyarkoil Street?

The current guideline value of Pudhu Mambakkam Pilliyarkoil Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 80 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, marking an overall increase of 313% over the years.

What is the stamp duty rate for properties in Pudhu Mambakkam Pilliyarkoil Street?

The stamp duty rate for properties in Pudhu Mambakkam Pilliyarkoil Street is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Madurandakam Sub Registrar Office covers Pudhu Mambakkam Pilliyarkoil Street, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What are the other streets in Mambakkam with guideline values?

Other streets in Mambakkam with guideline values include Rose Garden, Om Sakthi Avenue, Old Mambakkam Sunambedu Road, Old Mambakkam Ora Veedhi Street, Old Mambakkam Old Brammanar Street, Jayanagar, and Old Mambakkam Gandhi Street, with rates ranging from Rs 330 to Rs 770 per sq.ft.