Guideline Value for PUGAZHENDI STREET (WARD -6)

Pugazhendi Street (Ward -6) guideline value

The current guideline value of Pugazhendi Street (Ward -6) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

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

The guideline value for Pugazhendi Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. The value then increased significantly in 2023 to Rs 1,200 per sq.ft, before rising again to Rs 1,321 per sq.ft in 2024, which reflects a 10% increase from the previous year.

Between the revisions, the guideline value saw a substantial increase of 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

In Ninna Karai, there are a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, positioning Pugazhendi Street's 2024 figure above this median.

• Puranaru Street (N): Rs 1,321 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)
• Radhai Nagar: Rs 1,100 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 1,321 per sq.ft, the total guideline value amounts to Rs 13,21,000. The stamp duty, charged at 7%, would be Rs 92,470, while the registration fee at 2% would be Rs 26,420. Together, these costs total Rs 1,18,890. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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 Ninna Karai

The guideline value plays a crucial role in property transactions in Ninna Karai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Understanding the guideline value helps in planning the financial aspects of a real estate transaction effectively.

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 1,321 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 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 1,321 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Pugazhendi Street (Ward -6)?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,21,000. The stamp duty at 7% is Rs 92,470, and the registration fee at 2% is Rs 26,420, totaling Rs 1,18,890.

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

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

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

The land classification for Pugazhendi Street (Ward -6) is Residential Special Type - V, indicating its residential zoning status.