Guideline Value for PUZHAL MURUGESAN STREET

Puzhal Murugesan Street guideline value

The current guideline value of Puzhal Murugesan Street is Rs 5,400 per sq.ft. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Puzhal Murugesan Street has changed

The guideline value for Puzhal Murugesan Street has undergone several revisions over the years. Starting from Rs 425 per sq.ft in 2002, it increased to Rs 529 per sq.ft in 2003, marking a 24% rise. In 2007, the value jumped significantly to Rs 700 per sq.ft, reflecting a 32% increase. The subsequent revision in 2012 saw a substantial rise to Rs 5,000 per sq.ft, a remarkable 614% increase. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, showing a decline of 33%. The most recent revision in 2024 has set the guideline value at Rs 5,400 per sq.ft, which is a 61% increase from the 2017 figure.

It is important to note that the register has no figure for this street in the 2023 revision.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO, with 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which means Puzhal Murugesan Street's 2024 figure is above that median.

• Puzhal Sivagnanam Street: Rs 5,400 per sq.ft (2024)
• Pulianthope High Road(From B&C Mill To Pulianthope T.B Hospital): Rs 4,900 per sq.ft (2024)
• Ragavan Street: Rs 3,800 per sq.ft (2024)
• Pudhu Nagar All Street (New Nagar): Rs 4,300 per sq.ft (2024)
• Rajabadar Street: Rs 3,800 per sq.ft (2024)
• Praksh Colony: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Puzhal Murugesan Street

For a 1,000 sq.ft plot at the current rate of Rs 5,400 per sq.ft, the guideline value would be Rs 54,00,000. The stamp duty at 7% would be Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, totaling Rs 4,86,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Puzhal Murugesan Street?

The Sub Registrar Office that covers Puzhal Murugesan Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Puzhal Murugesan Street?

The current guideline value of Puzhal Murugesan Street is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 425 per sq.ft in 2002 to Rs 5,400 per sq.ft in 2024, which is an overall increase of 1171%.

What was the guideline value in 2017?

The guideline value of Puzhal Murugesan Street in 2017 was Rs 3,350 per sq.ft.

Is there a figure for Puzhal Murugesan Street in the 2023 revision?

No, the register has no figure for Puzhal Murugesan Street in the 2023 revision.

What is the stamp duty rate for properties in Puzhal Murugesan Street?

The stamp duty rate for properties in Puzhal Murugesan Street is 7% of the guideline value or the sale price, whichever is higher.