Guideline Value for Pulithevan Cross Street

Pulithevan Cross Street guideline value

The current guideline value of Pulithevan Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Pulithevan Cross Street has changed

The guideline value for Pulithevan Cross Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 800 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 275%. However, the value then decreased to Rs 2,010 per sq.ft in 2017, reflecting a decline of 33%. The 2023 revision set the value at Rs 3,000 per sq.ft, which then increased by 10% to Rs 3,300 per sq.ft in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, indicating that Pulithevan Cross Street's 2024 figure is below that median.

• Pulithevan Street: Rs 3,300 per sq.ft (2024)
• Pughazhandhi Street: Rs 3,300 per sq.ft (2024)
• Punnya Kodi Street: Rs 3,300 per sq.ft (2024)
• P.T. Rajan Salai: Rs 9,900 per sq.ft (2024)
• Pushpavathi Ammal Street: Rs 3,300 per sq.ft (2024)
• Radhakrishnan Street: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pulithevan Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pulithevan Cross Street?

The Sub Registrar Office that covers Pulithevan Cross Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid by the buyer during the property registration process.

When a property is sold, the guideline value ensures that both the buyer and seller are aware of the minimum value on which the transaction will be taxed. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pulithevan Cross Street?

The current guideline value of Pulithevan Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 313% over the years.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, with Pulithevan Cross Street's value being below this median.

What are the stamp duty and registration fees for property in Pulithevan Cross Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Pulithevan Cross Street located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.