Guideline Value for PULIYUR PURAM

Puliyur Puram guideline value

The current guideline value of Puliyur Puram is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Class IV Type - III.

How the guideline value of Puliyur Puram has changed

The guideline value for Puliyur Puram has seen several revisions over the years. Starting from Rs 766 per sq.ft in 2002, it increased to Rs 841 per sq.ft in 2003, marking a 10% rise. The value then surged significantly to Rs 1,790 per sq.ft in 2007, reflecting a 113% increase. By 2012, the guideline value remained at Rs 3,500 per sq.ft, which was the same as the 2023 revision, indicating no change during that period.

In 2023, the guideline value was set at Rs 3,500 per sq.ft, which then increased by 9% to Rs 3,800 per sq.ft in the 2024 revision. The overall increase from 2002 to 2024 stands at an impressive 396%.

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 the 2024 guideline value of Puliyur Puram below this median.

• Puliyur Main Road: Rs 8,200 per sq.ft (2024)
• Puliyur 2nd Main Road: Rs 7,100 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 Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, while the registration fee at 2% would be Rs 76,000, making the total charges Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Puliyur Puram?

The Sub Registrar Office covering Puliyur Puram 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 Puram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

Additionally, the guideline value impacts the calculation of stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. Understanding the guideline value helps in better financial planning for property transactions.

Frequently asked questions

What is the current guideline value of Puliyur Puram?

The current guideline value of Puliyur Puram is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 766 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, showing an overall increase of 396% over this period.

What are the guideline values of other streets in Puliyur?

Other streets in Puliyur have varying guideline values, with Puliyur Main Road at Rs 8,200 per sq.ft, Puliyur 2nd Main Road and Puliyur 1st Main Road at Rs 7,100 per sq.ft, and others ranging from Rs 5,800 to Rs 6,300 per sq.ft.

What fees are associated with buying property in Puliyur Puram?

When buying property in Puliyur Puram, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Puliyur Puram located?

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