Guideline Value for Pulikoradu Road

Pulikoradu Road guideline value

The current guideline value of Pulikoradu Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Pulikoradu Road has changed

The guideline value for Pulikoradu Road has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, this value decreased to Rs 1,340 per sq.ft in 2017, reflecting a decline of 33%. The most recent revision in 2023 set the value at Rs 2,000 per sq.ft, which then increased to Rs 2,200 per sq.ft in 2024, a rise of 10%.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Pulikoradu Road is below this median.

• Radha Nagar: Rs 1,650 per sq.ft (2024)
• Porur Street: Rs 2,200 per sq.ft (2024)
• Poornathilagam Cross Street: Rs 2,200 per sq.ft (2024)
• Poornathilagam 3rd Street: Rs 3,300 per sq.ft (2024)
• Poornathilagam 2nd Street: Rs 3,300 per sq.ft (2024)
• Poornathilagam 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pulikoradu 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, making the total cost for these fees 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pulikoradu Road?

The Sub Registrar Office that covers Pulikoradu 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 information.

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

The guideline value is a crucial factor during property registration in Tambaram. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that all parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Pulikoradu Road?

The current guideline value of Pulikoradu 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 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing a total increase of 450% over the years.

What are the stamp duty and registration fees for properties on Pulikoradu Road?

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.

Which office handles the registration for Pulikoradu Road?

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

What other streets have guideline values in Tambaram?

Other streets in Tambaram include Radha Nagar at Rs 1,650 per sq.ft, Porur Street and Poornathilagam Cross Street both at Rs 2,200 per sq.ft, and several others at Rs 3,300 per sq.ft.