Guideline Value for Pukraj Nagar 3rd Cross Street

Pukraj Nagar 3rd Cross Street guideline value

The current guideline value of Pukraj Nagar 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pukraj Nagar 3rd Cross Street has changed

The guideline value for Pukraj Nagar 3rd Cross Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 2,000 per sq.ft. Prior to that, the 2012 revision also listed the value at Rs 2,000 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This steady increase reflects the adjustments made in the more recent years, particularly from 2023 to 2024.

Guideline values in Madhavaram

In Madhavaram village, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Pukraj Nagar 3rd Cross Street's 2024 value above the median.

• Pukraj Nagar 2nd st (Ward No.14): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 3rd St (Ward-14): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 2nd St (Ward-14): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 3rd st (Ward No.14): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 1st st (Ward No.14): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 4th St (Ward-14): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pukraj Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pukraj Nagar 3rd Cross Street?

The Sub Registrar Office that covers Pukraj Nagar 3rd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It determines the amount of stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Pukraj Nagar 3rd Cross Street?

The current guideline value of Pukraj Nagar 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. There were no figures available for the years 2002, 2003, 2007, and 2017.

What is the land classification for Pukraj Nagar 3rd Cross Street?

Pukraj Nagar 3rd Cross Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.