Guideline Value for Pulikkoradu Road

Pulikkoradu Road guideline value

The current guideline value of Pulikkoradu Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pulikoradu village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Pulikkoradu Road has changed

Over the years, the guideline value for Pulikkoradu Road has seen significant changes. In the 2007 revision, the value was Rs 300 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012, marking a rise of 400%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The subsequent revisions saw an increase to Rs 1,500 per sq.ft in 2023 and then to Rs 1,650 per sq.ft in 2024, representing a 10% increase.

From 2017 to 2023, the guideline value rose by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 450%. It is important to note that the register has no figures for the revisions in 2002 and 2003 for this street.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 880 per sq.ft, placing Pulikkoradu Road's 2024 figure above this median.

• Rajagopal Nagar: Rs 1,320 per sq.ft (2024)
• Pillai Koil Street: Rs 880 per sq.ft (2024)
• Periyar Nagar Pulikoradu: Rs 880 per sq.ft (2024)
• Periyar Nagar: Rs 880 per sq.ft (2024)
• Periyamalai Forest Road(Rajagopal Street): Rs 880 per sq.ft (2024)
• Ramathilagam Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Pulikkoradu Road

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, bringing the total cost for these fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pulikkoradu Road?

The Sub Registrar Office covering Pulikkoradu Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Pulikoradu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value ensures that the fees are calculated based on a standardized value, which helps in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Pulikkoradu Road?

The current guideline value of Pulikkoradu Road 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 changed significantly, starting from Rs 300 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the other streets in Pulikoradu and their guideline values?

Other streets in Pulikoradu include Rajagopal Nagar at Rs 1,320 per sq.ft, and several streets at Rs 880 per sq.ft. This shows a range of values within the village.

What are the stamp duty and registration fees for properties in Pulikkoradu Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,48,500.

Where can I find the Sub Registrar Office for Pulikkoradu Road?

The Sub Registrar Office for Pulikkoradu Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.