Guideline Value for PUGAZHENDI STREET (WARD -6)

Pugazhendi Street (Ward -6) guideline value

The current guideline value for Pugazhendi Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur 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

Over the years, the guideline value for Pugazhendi Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from Rs 804 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change is a modest increase of 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Pugazhendi Street's 2024 guideline value above this median.

• Puranaru Street (N): Rs 1,320 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)
• Ragavendrar Koil Street Peramanur (Ward -15): Rs 440 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 amounts to Rs 13,20,000. The stamp duty at 7% would be 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 or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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 Panangottur

The guideline value is a crucial factor when buying or selling property in Panangottur, as it determines the minimum value at which a property can be registered. Buyers must ensure that the sale price is at least equal to the guideline value to avoid any issues during registration.

During the registration process, stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are conducted fairly and transparently.

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 2023 to Rs 1,320 per sq.ft in 2024, a 10% increase. From 2012 to 2024, the overall change is an increase of 10%.

What is the median guideline value in Panangottur?

The median guideline value for the 419 streets in Panangottur is Rs 990 per sq.ft. Pugazhendi Street's 2024 value is above this median.

What are the stamp duty and registration fees for properties in Pugazhendi Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 1,18,800.

Which office handles registrations for Pugazhendi Street?

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