Guideline Value for SARGUNA PANDIAN STREET

Sarguna Pandian Street guideline value

The current guideline value of Sarguna Pandian Street in Puliyur village, under the Kodambakkam SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class IV Type - II.

How the guideline value of Sarguna Pandian Street has changed

The guideline value for Sarguna Pandian Street has seen several revisions over the years. In 2002, the value was Rs 560 per sq.ft, which increased to Rs 615 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,050 per sq.ft in 2007, and then to Rs 4,000 per sq.ft in 2012. However, it dropped to Rs 2,680 per sq.ft in 2017 before climbing to Rs 4,000 per sq.ft again in 2023. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft.

Between these revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a significant 281% jump from 2007 to 2012. The overall change from 2002 to 2024 reflects an increase of 686%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, indicating that Sarguna Pandian Street's 2024 figure is below this median.

• Sasthri Nagar: Rs 5,800 per sq.ft (2024)
• Sathyamurthy Street: Rs 4,400 per sq.ft (2024)
• Sathya Narayanan Lane: Rs 5,800 per sq.ft (2024)
• Sathya Narayanan Street: Rs 5,800 per sq.ft (2024)
• Sathyapuri Street: Rs 7,100 per sq.ft (2024)
• Sbi Officers Colony: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sarguna Pandian Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sarguna Pandian Street?

The Sub Registrar Office that covers Sarguna Pandian Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Puliyur. 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 registered, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sarguna Pandian Street?

The current guideline value of Sarguna Pandian Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent increase being 10% from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. Overall, the value has increased by 686% from 2002 to 2024.

What is the land classification for Sarguna Pandian Street?

Sarguna Pandian Street is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Sarguna Pandian Street?

The Kodambakkam Sub Registrar Office covers Sarguna Pandian Street and is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Sarguna Pandian Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000, leading to a stamp duty of Rs 3,08,000.