Guideline Value

Corporate

Guideline Value for Pukraj Nagar Main Road

₹2200/sq.ft.

The guideline value for Pukraj Nagar Main Road in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Pukraj Nagar Main Road

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Pukraj Nagar Main Road guideline value

The current guideline value of Pukraj Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Pukraj Nagar Main Road has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease in 2017 to Rs 1,340 per sq.ft, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 2,200 per sq.ft, reflecting a rise of 64%. Overall, from 2012 to 2024, there has been a slight increase of 10% in the guideline value.

The register does not have figures for the years 2023, 2007, 2003, and 2002 for this street. Therefore, the changes in guideline value are based on the revisions from 2012, 2017, and 2024.

Guideline values in Madhavaram

In Madhavaram, 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, with a median value of Rs 1,600 per sq.ft. The guideline value for Pukraj Nagar Main Road is above this median.

Stamp duty and registration fee for property in Pukraj Nagar Main Road

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 duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pukraj Nagar Main Road?

The Sub Registrar Office that covers Pukraj Nagar Main Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Madhavaram. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the taxes owed. This value helps in establishing a fair transaction price and ensures that both parties are aware of the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Pukraj Nagar Main Road?

The current guideline value of Pukraj Nagar Main Road 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 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What is the land classification for Pukraj Nagar Main Road?

Pukraj Nagar Main Road is classified as Residential Class I Type - I. This classification is important for understanding the zoning and usage of the property.

Which Sub Registrar Office covers the area of Pukraj Nagar Main Road?

The Madhavaram Sub Registrar Office covers Pukraj Nagar Main Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty for properties in Madhavaram is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the stamp duty would be Rs 1,54,000.