Guideline Value for Pungathur

Pungathur guideline value

The current guideline value of Pungathur, located in Thiruvallur village under the Tiruvallur Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I, indicating its suitability for residential development.

How the guideline value of Pungathur has changed

Over the years, the guideline value of Pungathur has seen significant changes. The earliest recorded figure in the register is from 2007, where the guideline value was Rs 200 per sq.ft. This amount increased dramatically to Rs 1,500 per sq.ft in 2012, marking a substantial rise of 650%. However, between 2012 and 2017, the value dropped to Rs 1,005 per sq.ft, a decrease of 33%. Following this, the value rose again to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 725%, illustrating the fluctuations in property valuation over the years.

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 guideline value for these streets is Rs 1,100 per sq.ft, placing Pungathur's 2024 figure above this median.

• Pungathur Colony: Rs 1,100 per sq.ft (2024)
• Pumphouse Road: 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 Pungathur

For a property in Pungathur, if you consider a plot size of 1,000 sq.ft at the current guideline value of Rs 1,650 per sq.ft, the guideline value would amount to Rs 16,50,000. The stamp duty is charged at 7%, which would be Rs 1,15,500, and the registration fee is at 2%, totaling Rs 33,000. Therefore, the total cost for stamp duty and registration would be Rs 1,48,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pungathur?

The Sub Registrar Office that covers Pungathur 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 plays a crucial role in the registration process of property transactions in Thiruvallur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the correct amount of revenue from property transactions.

It is important for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Understanding the guideline value can help in budgeting for additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Pungathur?

The current guideline value of Pungathur is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 725% over the years.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Pungathur?

Pungathur is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value in Thiruvallur?

The median guideline value for the streets in Thiruvallur is Rs 1,100 per sq.ft, with Pungathur's guideline value being above this median.