Guideline Value for Pumproom street Left&Right

Pumproom street Left&Right guideline value

The current guideline value of Pumproom street Left&Right is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sundaracholavaram village under the Kunrathur SRO, classified as Residential Class I Type - III.

How the guideline value of Pumproom street Left&Right has changed

The guideline value for Pumproom street Left&Right has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 600 per sq.ft. In 2017, it decreased to Rs 402 per sq.ft, marking a reduction of 33%. However, the value increased to Rs 600 per sq.ft in 2023, and further rose to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase, with the current value aligning with the median guideline value of Rs 660 per sq.ft for the 57 streets in Sundaracholavaram under the Kunrathur SRO.

Guideline values in Sundaracholavaram

Sundaracholavaram has a range of guideline values for its streets, with figures from Rs 550 to Rs 4,600 per sq.ft. Pumproom street Left&Right's 2024 figure of Rs 660 per sq.ft is equal to the median value in the village. Here are some other streets in Sundaracholavaram:

• Pumpset Street: Rs 550 per sq.ft (2024)
• Prakalya Nagar: Rs 1,065 per sq.ft (2024)
• Ram Nagar: Rs 660 per sq.ft (2024)
• Ondi Kudisai Street: Rs 660 per sq.ft (2024)
• Sakthi Nagar: Rs 660 per sq.ft (2024)
• Sakthi Nagar Annuxe: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Pumproom street Left&Right

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 details.

Which Sub Registrar Office covers Pumproom street Left&Right?

The Sub Registrar Office that covers Pumproom street Left&Right is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Sundaracholavaram. It is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Pumproom street Left&Right?

The current guideline value for Pumproom street Left&Right is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with a notable increase of 49% from 2017 to 2023.

What is the land classification for Pumproom street Left&Right?

Pumproom street Left&Right is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Pumproom street Left&Right is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000.