Guideline Value for Pughazhandhi Street

Pughazhandhi Street guideline value

The current guideline value of Pughazhandhi Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Pughazhandhi Street has changed

The guideline value of Pughazhandhi Street has seen several revisions over the years. In 2007, the value was Rs 620 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value rose to Rs 3,000 per sq.ft in 2023 and is now set at Rs 3,300 per sq.ft for 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 432%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, indicating that Pughazhandhi Street's 2024 value is below this median.

• Pulithevan Cross Street: Rs 3,300 per sq.ft (2024)
• Pulithevan Street: Rs 3,300 per sq.ft (2024)
• P.T. Rajan Salai: Rs 9,900 per sq.ft (2024)
• Punnya Kodi Street: Rs 3,300 per sq.ft (2024)
• Pushpavathi Ammal Street: Rs 3,300 per sq.ft (2024)
• Postal Colony Cross Street: Rs 7,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pughazhandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Pughazhandhi Street?

Pughazhandhi Street falls under the jurisdiction of the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is referenced to calculate the necessary fees. It is essential for buyers to be aware of the guideline value to avoid any discrepancies at the time of registration.

Frequently asked questions

What is the current guideline value of Pughazhandhi Street?

The current guideline value of Pughazhandhi Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 620 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 432% over the years.

What is the registration office for Pughazhandhi Street?

The registration office for Pughazhandhi Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the stamp duty rate for properties in Pughazhandhi Street?

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

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, while Pughazhandhi Street's 2024 guideline value is below this median.