Guideline Value for Pulla Avenue

Pulla Avenue guideline value

The current guideline value of Pulla Avenue in Periakudal village, under the AnnaNagar SRO, is Rs 16,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - I.

How the guideline value of Pulla Avenue has changed

The guideline value for Pulla Avenue has seen significant changes over the years. In 2007, the guideline value was Rs 3,000 per sq.ft, which increased dramatically to Rs 15,000 per sq.ft in 2012, marking a 400% rise. However, this value decreased to Rs 10,050 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 15,000 per sq.ft in 2023, and again increased to Rs 16,500 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the increase in the guideline value is 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periakudal

In Periakudal, there are 101 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 23,553 per sq.ft, with a median value of Rs 11,500 per sq.ft. Pulla Avenue's 2024 figure is above this median.

• Shenoy Nagar 2nd Main Road: Rs 12,100 per sq.ft (2024)
• Muthumariamman Colony: Rs 4,400 per sq.ft (2024)
• Shenoy Nagar 3rd Main Road: Rs 12,100 per sq.ft (2024)
• Shenoy Nagar 4th Cross Street: Rs 11,500 per sq.ft (2024)
• Shenoy Nagar 5th Cross Street: Rs 11,500 per sq.ft (2024)
• Shenoy Nagar 6th Cross Street: Rs 11,500 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 higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

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 Periakudal

The guideline value is a crucial factor in the registration process when buying or selling property in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to assess the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved. It is essential for buyers to be informed about the guideline value to avoid any surprises during the registration process.

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 3,000 per sq.ft in 2007 to Rs 16,500 per sq.ft in 2024, reflecting a 450% increase overall.

What is the land classification for Pulla Avenue?

The land classification for Pulla Avenue is Commercial Special Type - I.

Where can I find the Sub Registrar Office for Pulla Avenue?

The Sub Registrar Office for Pulla Avenue is the AnnaNagar Sub Registrar Office located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 14,85,000, based on the guideline value of Rs 1,65,00,000.