Guideline Value for PULAVAR PUGAZHENDHI GARDEN VTH STREET

Pulavar Pugazhendhi Garden Vth Street guideline value

The current guideline value of Pulavar Pugazhendhi Garden Vth Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of Pulavar Pugazhendhi Garden Vth Street has changed

Over the years, the guideline value for Pulavar Pugazhendhi Garden Vth Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was followed by a decrease to Rs 2,010 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, and the latest revision in 2024 has raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%.

Guideline values in Arumbakkam

In Arumbakkam, there are a total of 391 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,000 per sq.ft, placing Pulavar Pugazhendhi Garden Vth Street's 2024 figure below that median.

• Pulavar Pugazhendhi Nagar III Rd Street: Rs 3,300 per sq.ft (2024)
• Pulavar Pugazhendhi Nagar II Nd Street: Rs 3,300 per sq.ft (2024)
• Pulavar Pugazhendhi Nagar I St Street: Rs 3,300 per sq.ft (2024)
• Pulavar Pugazhendhi Nagar Ivth Street: Rs 3,300 per sq.ft (2024)
• Pulavar Pugazhendhi Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Quide Millath III Rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pulavar Pugazhendhi Garden Vth Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. 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 Pulavar Pugazhendhi Garden Vth Street?

The Sub Registrar Office that covers Pulavar Pugazhendhi Garden Vth Street 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value in the eyes of the law.

When registering a property, buyers and sellers must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with local regulations and helps prevent undervaluation during property transactions.

Frequently asked questions

What is the current guideline value of Pulavar Pugazhendhi Garden Vth Street?

The current guideline value of Pulavar Pugazhendhi Garden Vth Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Pulavar Pugazhendhi Garden Vth Street?

Pulavar Pugazhendhi Garden Vth Street is classified as Residential Class V Type - I.

Where can I find the registration office for this street?

The registration office for Pulavar Pugazhendhi Garden Vth Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the stamp duty rate applicable for properties in this area?

The stamp duty rate applicable for properties in Pulavar Pugazhendhi Garden Vth Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.