Guideline Value for Pukraj Nagar 6th st ( Ward No.14 )

Pukraj Nagar 6th st ( Ward No.14 ) guideline value

The current guideline value of Pukraj Nagar 6th st ( Ward No.14 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Pukraj Nagar 6th st ( Ward No.14 ) has changed

The guideline value for Pukraj Nagar 6th st ( Ward No.14 ) has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft, which remained unchanged in the subsequent revision in 2023. However, in 2024, the value increased to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft in 2024. The median value across these streets is Rs 1,600 per sq.ft, making the current value of Rs 2,200 per sq.ft for Pukraj Nagar 6th st ( Ward No.14 ) above the median.

• Pukraj Nagar 6th St (Ward-14): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 7th St (Ward-14): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar 5th st ( Ward No.14 ): Rs 2,200 per sq.ft (2024)
• Pukraj Nagar Connecting Road ( Ward No.14 ): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pukraj Nagar 6th st ( Ward No.14 )

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

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pukraj Nagar 6th st ( Ward No.14 )?

The Sub Registrar Office that covers Pukraj Nagar 6th st ( Ward No.14 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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 serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pukraj Nagar 6th st ( Ward No.14 )?

The current guideline value of Pukraj Nagar 6th st ( Ward No.14 ) 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 2,000 per sq.ft in 2023, and then increased to Rs 2,200 per sq.ft in 2024. There are no figures for the years 2002, 2003, 2007, and 2017.

What is the land classification for Pukraj Nagar 6th st ( Ward No.14 )?

Pukraj Nagar 6th st ( Ward No.14 ) is classified as Residential Class I Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Pukraj Nagar 6th st ( Ward No.14 )?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.