Guideline Value for Pugalendhi Street

Pugalendhi Street guideline value

The current guideline value of Pugalendhi Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Pugalendhi Street has changed

Looking at the revisions, the guideline value for Pugalendhi Street has evolved significantly over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased by 49% to reach Rs 2,500 per sq.ft, and in the latest 2024 revision, it rose by 10% to Rs 2,750 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%. The recent changes reflect a steady rise in the value, particularly from 2017 onwards, indicating a notable adjustment in the pricing structure for this area.

Guideline values in Chitlapakkam

Chitlapakkam village features 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Pugalendhi Street's 2024 figure above this median.

• Purananuru Street: Rs 1,650 per sq.ft (2024)
• Purushothama 2nd Street: Rs 1,650 per sq.ft (2024)
• Purushothama Ist Street: Rs 1,650 per sq.ft (2024)
• Purushothama Street: Rs 1,650 per sq.ft (2024)
• Puthther street: Rs 1,100 per sq.ft (2024)
• Priyalvar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pugalendhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pugalendhi Street?

Pugalendhi Street falls under the jurisdiction of 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 Chitlapakkam

The guideline value plays a crucial role in the registration process of property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pugalendhi Street?

The current guideline value of Pugalendhi Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Pugalendhi Street?

Pugalendhi Street is classified as Residential Class I Type - II under the Tambaram Joint 1 SRO.

Where can I find more information about stamp duty and registration fees?

You can find more information and perform calculations using the stamp duty and registration fee calculator.

Which office handles the registration for Pugalendhi Street?

The registration for Pugalendhi Street is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.