Guideline Value for PULAVAR PUGAZHENDHI NAGAR I ST STREET

Pulavar Pugazhendhi Nagar I St Street guideline value

The current guideline value of Pulavar Pugazhendhi Nagar I St 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 Nagar I St Street has changed

The guideline value for Pulavar Pugazhendhi Nagar I St Street has seen several revisions over the years. The earliest recorded value is from 2007, when it was Rs 700 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 329% rise. However, by 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has been set at Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 371%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 6,000 per sq.ft, placing Pulavar Pugazhendhi Nagar I St Street's current value below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the stamp 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 Nagar I St Street?

The Sub Registrar Office covering Pulavar Pugazhendhi Nagar I St 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 is a crucial factor during the registration of property transactions in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Pulavar Pugazhendhi Nagar I St Street?

The current guideline value of Pulavar Pugazhendhi Nagar I St 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 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 371% over this period.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registration for this street?

The Kodambakkam Sub Registrar Office handles property registration for Pulavar Pugazhendhi Nagar I St Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification of Pulavar Pugazhendhi Nagar I St Street?

Pulavar Pugazhendhi Nagar I St Street is classified as Residential Class V Type - I.