Guideline Value for PUGAZHENDI STREET (WARD -6)

Pugazhendi Street (Ward -6) guideline value

The current guideline value of Pugazhendi Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, and it is classified as Residential Special Type - V.

How the guideline value of Pugazhendi Street (Ward -6) has changed

The guideline value for Pugazhendi Street (Ward -6) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase to Rs 1,200 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,320 per sq.ft in the 2024 revision, representing a 10% rise.

From 2012 to 2024, the overall change in the guideline value has been an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, placing Pugazhendi Street's 2024 figure above that median.

• Puranaru Street (N): Rs 1,320 per sq.ft (2024)
• P.S.G Garden: Rs 990 per sq.ft (2024)
• Puthumaipithan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Priya Nagar (Sa): Rs 440 per sq.ft (2024)
• Raagavalu Naidu Street (Ward -17): Rs 660 per sq.ft (2024)
• Ragavendra Nagar (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Pugazhendi Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pugazhendi Street (Ward -6)?

The Sub Registrar Office that covers Pugazhendi Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Kattankollatur

The guideline value is a reference point used during the registration of property transactions in Kattankollatur. It helps determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both buyers and sellers. This value is crucial for calculating the applicable fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Pugazhendi Street (Ward -6)?

The current guideline value of Pugazhendi Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Pugazhendi Street (Ward -6)?

Pugazhendi Street (Ward -6) is classified as Residential Special Type - V, which indicates its designation for residential use.

Which Sub Registrar Office covers Kattankollatur?

The Chengleput Joint II Sub Registrar Office covers Kattankollatur, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 13,20,000 would incur a stamp duty of Rs 92,400 at a rate of 7%.