Guideline Value for Pulla Avenue

Pulla Avenue guideline value

The current guideline value of Pulla Avenue is Rs 16,500 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village under the AnnaNagar SRO, classified as Commercial Special Type - II.

How the guideline value of Pulla Avenue has changed

The guideline value of Pulla Avenue has seen significant changes over the years. The earliest recorded value in 2002 was Rs 1,341 per sq.ft, which increased to Rs 3,000 per sq.ft in 2007, marking a substantial rise of 124%. By 2012, the value adjusted to Rs 15,000 per sq.ft, a decrease of 33% from the previous revision. The value then rose to Rs 10,050 per sq.ft in 2017, and by 2023, it reached Rs 15,000 per sq.ft, reflecting a 49% increase.

The latest revision in 2024 set the guideline value at Rs 16,500 per sq.ft, representing a 10% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 1130%. The register has no figure for the year 2003 for this street.

Guideline values in Aminjikarai

Aminjikarai has 99 streets under the AnnaNagar SRO with a 2024 guideline value range from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Pulla Avenue's 2024 figure significantly above this median.

• Prasanna Vinayagar Koil Street: Rs 4,400 per sq.ft (2024)
• Poonamallee High Road (Mangaliamman Koil to Sakywalk): Rs 16,500 per sq.ft (2024)
• Ponnuvel Thottam: Rs 11,000 per sq.ft (2024)
• Rajammal Street: Rs 4,400 per sq.ft (2024)
• Perumal Koil Street (Residential): Rs 4,400 per sq.ft (2024)
• Perumal Koil street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pulla Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 16,500 per sq.ft, the total guideline value amounts to Rs 1,65,00,000. The stamp duty at 7% would be Rs 11,55,000, and the registration fee at 2% would be Rs 3,30,000, bringing the total fees to Rs 14,85,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pulla Avenue?

The Sub Registrar Office that covers Pulla Avenue is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Aminjikarai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is used to determine the minimum value at which the property can be registered. This helps in maintaining transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pulla Avenue?

The current guideline value of Pulla Avenue is Rs 16,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,341 per sq.ft in 2002 to Rs 16,500 per sq.ft in 2024, showing an overall increase of 1130% over the years.

What is the land classification of Pulla Avenue?

Pulla Avenue is classified as Commercial Special Type - II, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in Pulla Avenue?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 14,85,000.

Where is the Sub Registrar Office for Pulla Avenue located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office.