Guideline Value for Periyar Nagar Pulikoradu

Periyar Nagar Pulikoradu guideline value

The current guideline value for Periyar Nagar Pulikoradu is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Pulikoradu village under the Tambaram Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Periyar Nagar Pulikoradu has changed

The guideline value for Periyar Nagar Pulikoradu has seen several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 600 per sq.ft. This figure increased to Rs 800 per sq.ft in the 2023 revision, marking a 33% rise. The most recent revision in 2024 raised the guideline value to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 47%.

Guideline values in Pulikoradu

In Pulikoradu village, there are 62 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value is Rs 880 per sq.ft, making Periyar Nagar's current value equal to this median.

• Periyar Nagar: Rs 880 per sq.ft (2024)
• Periyamalai Forest Road(Rajagopal Street): Rs 880 per sq.ft (2024)
• Pillai Koil Street: Rs 880 per sq.ft (2024)
• Pulikkoradu Road: Rs 1,650 per sq.ft (2024)
• Pachchaimalai Street: Rs 1,100 per sq.ft (2024)
• Rajagopal Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar Pulikoradu

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that 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 Periyar Nagar Pulikoradu?

The Sub Registrar Office that covers Periyar Nagar Pulikoradu is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pulikoradu, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

Additionally, the guideline value serves as a reference point for property valuation, helping buyers and sellers understand the relative worth of properties in the area. It is essential for both parties to consider this value during negotiations and final agreements.

Frequently asked questions

What is the current guideline value for Periyar Nagar Pulikoradu?

The current guideline value for Periyar Nagar Pulikoradu is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street.

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

Other streets in Pulikoradu include Periyamalai Forest Road (Rajagopal Street), Pillai Koil Street, Pulikkoradu Road, Pachchaimalai Street, and Rajagopal Nagar, with various guideline values ranging from Rs 880 to Rs 1,650 per sq.ft.

What are the stamp duty and registration fees in Periyar Nagar Pulikoradu?

For a property valued at Rs 8,80,000, the stamp duty is Rs 61,600 and the registration fee is Rs 17,600, totaling Rs 79,200. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Periyar Nagar Pulikoradu located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, MES Road, East Tambaram, Chennai-600059. This office handles the registration of properties in the area.