Guideline Value for PULIYUR 1ST LANE

Puliyur 1st Lane guideline value

The current guideline value of Puliyur 1st Lane is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Puliyur 1st Lane has changed

The guideline value for Puliyur 1st Lane has undergone several revisions over the years. In 2007, the value was set at Rs 1,400 per sq.ft, which increased to Rs 5,300 per sq.ft in 2012, marking a significant rise of 279%. However, from 2012 to 2017, the value decreased to Rs 3,551 per sq.ft, a drop of 33%. The most recent revision in 2024 shows the guideline value at Rs 5,800 per sq.ft, reflecting an increase of 63% from the 2017 figure.

It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 314%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, which matches the current value for Puliyur 1st Lane.

• Puliyur 1st Main Road: Rs 7,100 per sq.ft (2024)
• Puliyur 2nd Lane: Rs 5,800 per sq.ft (2024)
• Puliyur 2nd Main Road: Rs 7,100 per sq.ft (2024)
• Puliyur Main Road: Rs 8,200 per sq.ft (2024)
• Puliyur Puram: Rs 3,800 per sq.ft (2024)
• Punjab Garden Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Puliyur 1st Lane

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, the guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total to Rs 5,22,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puliyur 1st Lane?

The Sub Registrar Office covering Puliyur 1st Lane 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 Puliyur

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the public register.

When a property is sold, the guideline value is used to calculate the applicable duties, which can affect the overall cost of the transaction. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Puliyur 1st Lane?

The current guideline value of Puliyur 1st Lane is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,400 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, representing an overall increase of 314%.

What are the other streets in Puliyur and their guideline values?

Other streets in Puliyur include Puliyur 1st Main Road at Rs 7,100 per sq.ft, Puliyur 2nd Lane at Rs 5,800 per sq.ft, and Puliyur Main Road at Rs 8,200 per sq.ft, among others.

What is the stamp duty for property in Puliyur 1st Lane?

The stamp duty for property in Puliyur 1st Lane is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 58,00,000 would incur a stamp duty of Rs 4,06,000.

Where can I find the Sub Registrar Office for Puliyur 1st Lane?

The Sub Registrar Office for Puliyur 1st Lane is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find more details online.