Guideline Value for PULIYUR MAIN ROAD

Puliyur Main Road guideline value

The current guideline value of Puliyur Main Road is Rs 8,200 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Puliyur Main Road has changed

The guideline value for Puliyur Main Road has seen several revisions over the years. The earliest recorded figure is from 2007, where it was set at Rs 2,000 per sq.ft. This figure increased significantly to Rs 7,500 per sq.ft in the 2012 revision, marking a 275% rise. However, there were no figures available for the years 2002, 2003, and 2017.

In the 2023 revision, the guideline value remained at Rs 7,500 per sq.ft. The most recent revision in 2024 has increased this value to Rs 8,200 per sq.ft, reflecting a change of 9% from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 310%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Puliyur Main Road above this median.

• Puliyur 2nd Main Road: Rs 7,100 per sq.ft (2024)
• Puliyur Puram: Rs 3,800 per sq.ft (2024)
• Puliyur 2nd Lane: Rs 5,800 per sq.ft (2024)
• Puliyur 1st Main Road: Rs 7,100 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty, charged at 7%, amounts to Rs 5,74,000, while the registration fee at 2% totals Rs 1,64,000. Together, these fees would amount to Rs 7,38,000. 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 Main Road?

The Sub Registrar Office that covers Puliyur 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 the registration of property transactions in Puliyur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, both parties must consider the guideline value to ensure compliance with local regulations. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Puliyur Main Road?

The current guideline value of Puliyur Main Road is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, marking an overall increase of 310% over the years.

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

Other streets in Puliyur include Puliyur 2nd Main Road at Rs 7,100 per sq.ft, Puliyur Puram at Rs 3,800 per sq.ft, and several others, with values ranging from Rs 3,800 to Rs 7,100 per sq.ft.

What fees are associated with buying property on Puliyur Main Road?

When buying property on Puliyur Main Road, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. Together, these can amount to significant costs based on the property's guideline value.

Where can I find the Sub Registrar Office for Puliyur Main Road?

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