Guideline Value for Puliyanthoppu

Puliyanthoppu guideline value

The current guideline value of Puliyanthoppu is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is located in Palavanthangal village under the Alandur SRO and falls under the Residential Class II Type - II land classification.

How the guideline value of Puliyanthoppu has changed

Since the 2007 revision, the guideline value for Puliyanthoppu has seen significant changes. In 2007, the guideline value was Rs 1,250 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the latest 2024 revision has raised it to Rs 2,800 per sq.ft. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 12%. The overall increase from 2007 to 2024 is 124%. The fluctuations between revisions highlight the changing landscape of property values in this area.

Guideline values in Palavanthangal

In Palavanthangal village, there are 95 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Puliyanthoppu's 2024 figure below this median.

• Poonthottam Colony Street: Rs 3,900 per sq.ft (2024)
• Railway Border Colony: Rs 4,400 per sq.ft (2024)
• Railway partar Road: Rs 4,400 per sq.ft (2024)
• Pazhvanthangal Main Road(Gandhi Road): Rs 3,900 per sq.ft (2024)
• Rangabhashyam Pillai Street: Rs 4,400 per sq.ft (2024)
• Panar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Puliyanthoppu

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations based on your specific property.

Which Sub Registrar Office covers Puliyanthoppu?

The Sub Registrar Office that covers Puliyanthoppu is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Palavanthangal. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing a property. This ensures that the government receives the appropriate revenue based on the assessed value of the property.

When selling a property, the guideline value can influence the selling price, as it reflects the official valuation of the property in that area. Buyers and sellers should be aware of the guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Puliyanthoppu?

The current guideline value of Puliyanthoppu is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 124% over this period.

What is the registration office for Puliyanthoppu?

The registration office covering Puliyanthoppu is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Puliyanthoppu?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at 7%.

What are the guideline values of other streets in Palavanthangal?

Other streets in Palavanthangal have varying guideline values, with rates ranging from Rs 2,200 to Rs 11,000 per sq.ft. For instance, Poonthottam Colony Street has a guideline value of Rs 3,900 per sq.ft in 2024.