Guideline Value for Pumphouse Road

Pumphouse Road guideline value

The current guideline value of Pumphouse Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This road is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pumphouse Road has changed

The guideline value for Pumphouse Road has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, reflecting a 49% increase, and has now reached Rs 1,100 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

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

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, and Pumphouse Road's 2024 figure aligns with this median.

• Pungathur: Rs 1,650 per sq.ft (2024)
• Pungathur Colony: Rs 1,100 per sq.ft (2024)
• Pukalenthi Street: Rs 1,650 per sq.ft (2024)
• Railway Quarters: Rs 1,100 per sq.ft (2024)
• Poondi road: Rs 880 per sq.ft (2024)
• Rajaji Sali: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Pumphouse Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is 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 precise calculations.

Which Sub Registrar Office covers Pumphouse Road?

The Sub Registrar Office that covers Pumphouse Road is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

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

Frequently asked questions

What is the current guideline value of Pumphouse Road?

The current guideline value of Pumphouse Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the other streets with guideline values in Thiruvallur?

Other streets in Thiruvallur include Pungathur at Rs 1,650 per sq.ft, Pungathur Colony and Railway Quarters at Rs 1,100 per sq.ft, and Rajaji Sali at Rs 3,850 per sq.ft, among others.

What is the registration fee for property in Pumphouse Road?

The registration fee for property in Pumphouse Road is calculated based on the guideline value. For a plot of 1,000 sq.ft, the total registration fee would be Rs 22,000 at 2% of the guideline value.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Tiruvallur Joint 1 Sub Registrar Office at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, or by using the online resource to find your SRO.