Guideline Value for Puzgalenthi Street

Puzgalenthi Street guideline value

The current guideline value of Puzgalenthi Street in Periyakuppam village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Puzgalenthi Street has changed

The guideline value for Puzgalenthi Street has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,650 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, the value increased by 650%. However, it decreased by 33% from 2012 to 2017. A substantial increase of 49% was recorded from 2017 to 2023, followed by a 10% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 725%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Puzgalenthi Street's 2024 figure above this median.

• Radhakrishnan Street: Rs 1,100 per sq.ft (2024)
• Rajaji Puram Part- I, II , III: Rs 1,650 per sq.ft (2024)
• Periyakuppam Colony: Rs 879 per sq.ft (2024)
• Rathis Paradise: Rs 879 per sq.ft (2024)
• Parimelagar Street: Rs 1,100 per sq.ft (2024)
• Pallavan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Puzgalenthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 Puzgalenthi Street?

The Sub Registrar Office that covers Puzgalenthi Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value helps in establishing the minimum value for the transaction, ensuring that the appropriate taxes are levied. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Puzgalenthi Street?

The current guideline value of Puzgalenthi Street 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 from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 725% over the years.

What are the other streets in Periyakuppam and their guideline values?

Other streets in Periyakuppam include Radhakrishnan Street at Rs 1,100 per sq.ft, Rajaji Puram Part- I, II, III at Rs 1,650 per sq.ft, and Periyakuppam Colony at Rs 879 per sq.ft, among others.

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

The stamp duty for property in Puzgalenthi Street is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,50,000, the total fees would amount to Rs 1,48,500.

Where is the Sub Registrar Office for Puzgalenthi Street located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. This office handles registrations for Puzgalenthi Street.