Guideline Value for PULAVAR PUGAZHENDHI NAGAR III RD STREET

Pulavar Pugazhendhi Nagar III Rd Street guideline value

The current guideline value of Pulavar Pugazhendhi Nagar III Rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Pulavar Pugazhendhi Nagar III Rd Street has changed

The guideline value for Pulavar Pugazhendhi Nagar III Rd Street has seen several revisions over the years. The earliest recorded figure is from 2007 at Rs 700 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this value decreased by 33% to Rs 2,010 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 3,000 per sq.ft, and the current revision in 2024 has set it at Rs 3,300 per sq.ft, 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 for this street in the register.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry 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 III Rd Street's 2024 figure below that median.

• Pulavar Pugazhendhi Garden Vth 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 Nagar III Rd 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, while the registration fee at 2% would be Rs 66,000, bringing the total 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 Nagar III Rd Street?

The Sub Registrar Office that covers Pulavar Pugazhendhi Nagar III Rd 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 during the registration of property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both parties must adhere to the guideline value set for the area. This ensures transparency in transactions and helps prevent undervaluation of properties, which can affect government revenues.

Frequently asked questions

What is the current guideline value of Pulavar Pugazhendhi Nagar III Rd Street?

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

How much 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 a total increase of 371% over the years.

What is the land classification for Pulavar Pugazhendhi Nagar III Rd Street?

The land classification for Pulavar Pugazhendhi Nagar III Rd Street is Residential Class V Type - I.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 33,00,000, the total fees would amount to Rs 2,97,000.

Which office handles registrations for Pulavar Pugazhendhi Nagar III Rd Street?

The Kodambakkam Sub Registrar Office handles registrations for Pulavar Pugazhendhi Nagar III Rd Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.