Guideline Value for PULAVAR PUGAZHENDHI NAGAR IVTH STREET

Pulavar Pugazhendhi Nagar Ivth Street guideline value

The current guideline value of Pulavar Pugazhendhi Nagar Ivth 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 falls under Residential Class V Type - I land classification.

How the guideline value of Pulavar Pugazhendhi Nagar Ivth Street has changed

The guideline value for Pulavar Pugazhendhi Nagar Ivth Street has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then rose again to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 371%. The revisions for 2002 and 2003 do not have figures recorded for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,000 per sq.ft, indicating that the 2024 guideline value for Pulavar Pugazhendhi Nagar Ivth Street is below this median.

• Pulavar Pugazhendhi Nagar I St Street: Rs 3,300 per sq.ft (2024)
• Pulavar Pugazhendhi Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Pulavar Pugazhendhi Nagar II Nd Street: Rs 3,300 per sq.ft (2024)
• Pulavar Pugazhendhi Nagar III Rd Street: 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 Ivth 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. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pulavar Pugazhendhi Nagar Ivth Street?

The Sub Registrar Office that covers Pulavar Pugazhendhi Nagar Ivth 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately according to the prevailing rates set by the government.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Pulavar Pugazhendhi Nagar Ivth 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 increased 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 is the median guideline value in Arumbakkam?

The median guideline value for streets in Arumbakkam is Rs 6,000 per sq.ft, which is above the current value of Pulavar Pugazhendhi Nagar Ivth Street.

Where can I find the Sub Registrar Office for this area?

The Kodambakkam Sub Registrar Office, which covers Pulavar Pugazhendhi Nagar Ivth Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.