Guideline Value for PULIYUR 2ND LANE

Puliyur 2nd Lane guideline value

The current guideline value of Puliyur 2nd Lane is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Puliyur 2nd Lane has changed

The guideline value for Puliyur 2nd Lane has seen several revisions over the years. In 2007, the value was Rs 1,400 per sq.ft, which increased significantly to Rs 5,300 per sq.ft in 2012. However, it dropped to Rs 3,551 per sq.ft in 2017. The value then rose to Rs 5,300 per sq.ft in 2023, and currently stands at Rs 5,800 per sq.ft as of 2024. The register has no figures for the years 2002 and 2003.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a rise of 9%. 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 guideline values for 2024 ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, which matches the current guideline value of Puliyur 2nd Lane.

• Puliyur 1st Main Road: Rs 7,100 per sq.ft (2024)
• Puliyur 2nd Main Road: Rs 7,100 per sq.ft (2024)
• Puliyur 1st Lane: Rs 5,800 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 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, together totaling Rs 5,22,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Puliyur 2nd Lane?

The Sub Registrar Office that covers Puliyur 2nd 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 information.

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

When buying or selling property in Puliyur, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the government and is used to calculate the taxes applicable during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. This value ensures that the property is assessed fairly for tax purposes, reflecting the local real estate market conditions.

Frequently asked questions

What is the current guideline value of Puliyur 2nd Lane?

The current guideline value of Puliyur 2nd 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 several times, starting from Rs 1,400 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, showing an overall increase of 314% over the years.

What is the land classification for Puliyur 2nd Lane?

Puliyur 2nd Lane is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Puliyur 2nd Lane?

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

How is stamp duty calculated for property in Puliyur 2nd Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 at a rate of 7%.