Guideline Value for Punniakodi Nagar

Punniakodi Nagar guideline value

The current guideline value of Punniakodi Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Punniakodi Nagar has changed

The guideline value has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 700 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2012 revision, representing a change of +186%. The value remained unchanged at Rs 2,000 per sq.ft until the 2023 revision, which set it at Rs 2,200 per sq.ft, marking a +10% increase.

Overall, from 2007 to 2024, the guideline value has increased by +214%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a guideline value for 2024, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Punniakodi Nagar's 2024 figure below this median.

• Puthar Street: Rs 2,200 per sq.ft (2024)
• Radhakrishnan Nagar: Rs 2,200 per sq.ft (2024)
• Ragavendhara Nagar: Rs 2,200 per sq.ft (2024)
• Rajaji Nagar 10th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 11th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 12th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Punniakodi Nagar

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Punniakodi Nagar?

Punniakodi Nagar falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a crucial figure used during the registration process of property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Punniakodi Nagar?

The current guideline value of Punniakodi Nagar 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 increased from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing an overall increase of +214% across the years.

What is the median guideline value in Kolathur?

The median guideline value in Kolathur is Rs 3,300 per sq.ft for the year 2024, which is higher than the guideline value of Punniakodi Nagar.

What fees are associated with property transactions in Punniakodi Nagar?

For a property transaction in Punniakodi Nagar, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Punniakodi Nagar located?

The Sub Registrar Office covering Punniakodi Nagar is located at 5, Papermills Road, Sembiam, Chennai - 600011.