Guideline Value

Corporate

Guideline Value for PUNNIYAKODI NAGAR

₹1930/sq.ft.

The guideline value for Punniyakodi Nagar in Kolumanivakkam village (Kunrathur SRO, Chennai zone) is Rs 1930 per sq.ft, effective 1 July 2024. It was Rs 1751 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolumanivakkam

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1930 /sq.ft.
From 1-4-2023 ₹1751 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1173 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Punniyakodi Nagar

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Punniyakodi Nagar guideline value

The current guideline value of Punniyakodi Nagar is Rs 1,930 per sq.ft, effective from 1 July 2024. This area is located in Kolumanivakkam village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Punniyakodi Nagar has changed

The guideline value for Punniyakodi Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 1,750 per sq.ft. This figure saw a decrease to Rs 1,173 per sq.ft in 2017. Subsequently, the value increased significantly to Rs 1,751 per sq.ft in 2023, and then to the current rate of Rs 1,930 per sq.ft in 2024. The changes from 2012 to 2017 represented a decline of 33%, while the increase from 2017 to 2023 was 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,290 per sq.ft. The median guideline value for the village is Rs 1,350 per sq.ft, placing Punniyakodi Nagar's current value above this median.

Stamp duty and registration fee for property in Punniyakodi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,930 per sq.ft, the total guideline value would be Rs 19,30,000. The stamp duty charged at 7% would amount to Rs 1,35,100, while the registration fee at 2% would be Rs 38,600, totaling Rs 1,73,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Punniyakodi Nagar?

The Sub Registrar Office covering Punniyakodi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Kolumanivakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value is often used as a reference point for property transactions.

When registering a property, the guideline value serves as a basis for calculating the necessary fees, ensuring that all transactions are documented accurately. It is essential for both buyers and sellers to understand the implications of the guideline value in their property dealings.

Frequently asked questions

What is the current guideline value of Punniyakodi Nagar?

The current guideline value of Punniyakodi Nagar is Rs 1,930 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2012 to Rs 1,173 per sq.ft in 2017, then to Rs 1,751 per sq.ft in 2023, and finally to Rs 1,930 per sq.ft in 2024.

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

Other streets in Kolumanivakkam include Rajiv Nagar and Ramadoss Nagar at Rs 880 per sq.ft, Sai Mahalakshmi Nagar and Sathya Nagar at Rs 1,350 per sq.ft, Sai Vallalar Sivasankaran Nagar at Rs 1,650 per sq.ft, and Sai Nagammal Avenue at Rs 2,200 per sq.ft.

What is the registration fee for property in Punniyakodi Nagar?

The registration fee is calculated based on the guideline value. For a property valued at Rs 19,30,000, the registration fee would be Rs 38,600 at 2%.

Where can I find the Sub Registrar Office for Punniyakodi Nagar?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about your SRO online.