Guideline Value for PULIYUR 2ND MAIN ROAD

Puliyur 2nd Main Road guideline value

The current guideline value of Puliyur 2nd Main Road is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the jurisdiction of the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Puliyur 2nd Main Road has changed

The guideline value for Puliyur 2nd Main Road has seen several revisions over the years. In 2002, the value was Rs 1,095 per sq.ft, which increased to Rs 1,203 per sq.ft in 2003. Following that, the value rose significantly to Rs 2,000 per sq.ft in 2007, and then to Rs 6,500 per sq.ft in 2012. However, there was a decrease to Rs 4,355 per sq.ft in 2017. The value then increased to Rs 6,500 per sq.ft in 2023, and finally reached Rs 7,100 per sq.ft in the 2024 revision.

Notable changes between revisions include a 10% increase from 2002 to 2003, a 66% increase from 2003 to 2007, a 225% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has risen by 548%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value of Puliyur 2nd Main Road is above this median.

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

Stamp duty and registration fee for property in Puliyur 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, making the total fees Rs 6,39,000. It is important to note that the 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 Main Road?

The Sub Registrar Office that covers Puliyur 2nd 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 Puliyur

The guideline value is a crucial factor during property transactions in Puliyur. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the authorities will assess the guideline value to ensure that the correct fees are collected. This means that understanding the guideline value is essential for anyone looking to buy or sell property in Puliyur.

Frequently asked questions

What is the current guideline value of Puliyur 2nd Main Road?

The current guideline value of Puliyur 2nd Main Road is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 6,500 per sq.ft in 2023 to Rs 7,100 per sq.ft in 2024.

What is the land classification for Puliyur 2nd Main Road?

Puliyur 2nd Main Road is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

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.