Guideline Value for Puviamman Koil Street

Puviamman Koil Street guideline value

The current guideline value of Puviamman Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Cantonment Pallavaram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Puviamman Koil Street has changed

The guideline value for Puviamman Koil Street has seen several revisions over the years. In 2003, the value was Rs 119 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007. Following this, the value surged to Rs 2,500 per sq.ft in 2012, marking a substantial increase of 733% from the previous revision. However, it decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, and further increased by 10% to the current value of Rs 2,750 per sq.ft in 2024.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 2,211%.

Guideline values in Cantonment Pallavaram

In Cantonment Pallavaram, there are 81 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, placing Puviamman Koil Street's 2024 figure above this median.

• Queen Street: Rs 2,700 per sq.ft (2024)
• Prince Street: Rs 2,700 per sq.ft (2024)
• Poniyamman Koil Street: Rs 2,700 per sq.ft (2024)
• Rajendra Prasad Road: Rs 2,700 per sq.ft (2024)
• Police Lane: Rs 2,700 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Puviamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puviamman Koil Street?

The Sub Registrar Office that covers Puviamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Cantonment Pallavaram. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased. When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees.

Buyers and sellers must be aware that the guideline value may differ from the actual sale price. In such cases, the stamp duty is charged based on the higher amount, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Puviamman Koil Street?

The current guideline value of Puviamman Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This value is important for property transactions in the area.

How has the guideline value changed over the years?

The guideline value for Puviamman Koil Street has increased significantly from Rs 119 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024. The most notable increase occurred between 2007 and 2012, with a rise of 733%.

What is the median guideline value in Cantonment Pallavaram?

The median guideline value in Cantonment Pallavaram for 2024 is Rs 2,700 per sq.ft. Puviamman Koil Street's guideline value is above this median, indicating a relatively higher value compared to other streets.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Puviamman Koil Street is 7% of the guideline value or sale price, whichever is higher. This is an essential cost to consider when buying property in the area.

Where can I find the Sub Registrar Office for Puviamman Koil Street?

The Sub Registrar Office covering Puviamman Koil Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. This office is responsible for property registrations in the Chengalpattu zone.