Guideline Value for Pumping Station Road

Pumping Station Road guideline value

The current guideline value of Pumping Station Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pumping Station Road has changed

The guideline value for Pumping Station Road has seen several revisions over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this figure dropped to Rs 1,340 per sq.ft in the 2017 revision, before rising again to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 guideline value, there has been a substantial increase of 214%. Notably, there are no figures recorded for the years 2002 and 2003 for this street in the register.

Guideline values in Tondaiarpet

In Tondaiarpet, there are a total of 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for the area is Rs 1,600 per sq.ft, positioning Pumping Station Road's 2024 figure above this median.

• Punitha Savier Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 1st Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 2nd Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 3rd Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 4th Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 5th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pumping Station Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Pumping Station Road?

The Sub Registrar Office that covers Pumping Station Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property for legal and tax purposes. It is important for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pumping Station Road?

The current guideline value of Pumping Station Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 214% over the years.

What are the other streets in Tondaiarpet with their guideline values?

Other streets in Tondaiarpet include Punitha Savier Street, Puthumanai Kuppam 1st Street, Puthumanai Kuppam 2nd Street, Puthumanai Kuppam 3rd Street, Puthumanai Kuppam 4th Street, and Puthumanai Kuppam 5th Street, all valued at Rs 1,300 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Pumping Station Road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Pumping Station Road located?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.