Guideline Value for PUZHAL SIVAGNANAM STREET

Puzhal Sivagnanam Street guideline value

The current guideline value of Puzhal Sivagnanam Street is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Puzhal Sivagnanam Street has changed

The guideline value of Puzhal Sivagnanam Street has undergone several revisions over the years. The earliest recorded value in the register is from 2003, which was Rs 461 per sq.ft. This increased to Rs 700 per sq.ft in 2007, marking a significant rise of 52%. In 2012, the value reached Rs 5,000 per sq.ft, reflecting a remarkable increase of 614%. However, it dropped to Rs 3,350 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 5,000 per sq.ft in 2023, followed by the current figure of Rs 5,400 per sq.ft in 2024, an increase of 8%.

Overall, from 2003 to 2024, the guideline value has increased by 1071%. The register has no figure for the year 2002 for this street.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO with a 2024 guideline value 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 Sivagnanam Street's 2024 figure is above that median.

• Puzhal Murugesan 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 Sivagnanam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total 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 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 Puzhal Sivagnanam Street?

Puzhal Sivagnanam Street falls under the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Puzhal Sivagnanam Street?

The current guideline value of Puzhal Sivagnanam 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, from Rs 461 per sq.ft in 2003 to Rs 5,400 per sq.ft in 2024, representing an overall increase of 1071% over this period.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 54,00,000, the stamp duty would be Rs 3,78,000 and the registration fee would be Rs 1,08,000, totaling Rs 4,86,000.

Which Sub Registrar Office handles registrations for this street?

The Purasaivakkam Sub Registrar Office handles registrations for Puzhal Sivagnanam Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Puzhal Sivagnanam Street?

Puzhal Sivagnanam Street is classified as Residential Class I Type - I, indicating its suitability for residential development.