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Guideline Value

Corporate

Guideline Value for Puzhuthivakkam Village Road

₹2750/sq.ft.

The guideline value for Puzhuthivakkam Village Road in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Puzhuthivakkam Village Road

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Puzhuthivakkam Village Road guideline value

The current guideline value of Puzhuthivakkam Village Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - III.

How the guideline value of Puzhuthivakkam Village Road has changed

The guideline value for Puzhuthivakkam Village Road has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,500 per sq.ft. This was increased by 10% in the 2024 revision, resulting in the current value of Rs 2,750 per sq.ft.

Prior to the 2023 revision, there were no recorded figures for this street. The changes from 2023 to 2024 reflect a significant increase, aligning this street's value with the median guideline value for the area.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,750 per sq.ft, which is equal to the current figure for Puzhuthivakkam Village Road. Below are the guideline values for other streets in Madipakkam-1:

Stamp duty and registration fee for property in Puzhuthivakkam Village Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be 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 duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Puzhuthivakkam Village Road?

The Sub Registrar Office covering Puzhuthivakkam Village Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor during the registration process when buying or selling property in Madipakkam-1. It helps determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When a property is registered, the guideline value serves as a benchmark for calculating the taxes owed. Buyers and sellers should be aware of the current guideline value to ensure they are accurately informed about the financial implications of their property transaction.

Frequently asked questions

What is the current guideline value of Puzhuthivakkam Village Road?

The current guideline value of Puzhuthivakkam Village Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, which is the same as the current guideline value for Puzhuthivakkam Village Road.

What are the stamp duty and registration fees for a property in Puzhuthivakkam Village Road?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registration for Puzhuthivakkam Village Road?

The Velacheri Sub Registrar Office handles property registration for Puzhuthivakkam Village Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.