Guideline Value for Pukalenthi Street

Pukalenthi Street guideline value

The current guideline value of Pukalenthi Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pukalenthi Street has changed

The guideline value for Pukalenthi Street has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The subsequent revision in 2023 raised the value to Rs 1,500 per sq.ft, followed by a further increase to Rs 1,650 per sq.ft in 2024, reflecting a growth of 10% between these two revisions.

Overall, from 2007 to 2024, the guideline value has increased by 725%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. Pukalenthi Street's 2024 guideline value of Rs 1,650 per sq.ft is above this median.

• Pumphouse Road: Rs 1,100 per sq.ft (2024)
• Pungathur: Rs 1,650 per sq.ft (2024)
• Pungathur Colony: Rs 1,100 per sq.ft (2024)
• Poondi road: Rs 880 per sq.ft (2024)
• Railway Quarters: Rs 1,100 per sq.ft (2024)
• Ponnappan Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Pukalenthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pukalenthi Street?

The Sub Registrar Office that covers Pukalenthi Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value will be considered alongside the sale price, and the higher of the two will be used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pukalenthi Street?

The current guideline value of Pukalenthi Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, representing an overall increase of 725% over the years.

What are the stamp duty and registration fees for properties in Pukalenthi Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Pukalenthi Street?

The registrations for Pukalenthi Street are handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for ensuring that the correct amount is paid to the government based on either the guideline value or the sale price, whichever is higher.