Guideline Value for PULAVAR PUGAZHENDHI NAGAR MAIN ROAD

Pulavar Pugazhendhi Nagar Main Road guideline value

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

How the guideline value of Pulavar Pugazhendhi Nagar Main Road has changed

The guideline value has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 700 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 329%. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 3,000 per sq.ft in 2023 and further increased by 10% to the current value of Rs 3,300 per sq.ft in 2024.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2007 to 2024, the increase amounts to 371%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO with a 2024 guideline value 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, placing Pulavar Pugazhendhi Nagar Main Road below this median.

• Pulavar Pugazhendhi Nagar Ivth Street: Rs 3,300 per sq.ft (2024)
• Pulavar Pugazhendhi Nagar I St Street: 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 Main Road

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, making the total charges Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pulavar Pugazhendhi Nagar Main Road?

The Sub Registrar Office that covers Pulavar Pugazhendhi Nagar Main Road 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 when registering property transactions in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. 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 Main Road?

The current guideline value of Pulavar Pugazhendhi Nagar Main Road 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, with various increases and decreases along the way, including a significant increase of 329% from 2007 to 2012.

What is the land classification of Pulavar Pugazhendhi Nagar Main Road?

Pulavar Pugazhendhi Nagar Main Road is classified as Residential Class V Type - I.

What are the other streets in Arumbakkam with the same guideline value?

Other streets in Arumbakkam under the Kodambakkam SRO with the same guideline value of Rs 3,300 per sq.ft include Pulavar Pugazhendhi Nagar Ivth Street, I St Street, II Nd Street, III Rd Street, Pulavar Pugazhendhi Garden Vth Street, and Quide Millath III Rd Street.

Where is the Kodambakkam Sub Registrar Office located?

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