Guideline Value

Corporate

Guideline Value for Sri Pasumpon Nagar

₹2200/sq.ft.

The guideline value for Sri Pasumpon Nagar in Pulikoradu village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pulikoradu

Village

Tambaram Joint 1

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
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.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Pasumpon Nagar

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Sri Pasumpon Nagar guideline value

The current guideline value for Sri Pasumpon Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Pulikoradu village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Sri Pasumpon Nagar has changed

The guideline value for Sri Pasumpon Nagar has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this figure dropped to Rs 1,340 per sq.ft in 2017. The 2023 revision saw a rise to Rs 2,000 per sq.ft, followed by the current value of Rs 2,200 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, the changes are notable. From 2007 to 2012, there was a substantial increase of 1,900%. However, from 2012 to 2017, the value decreased by 33%. The value then rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 2,100%.

Guideline values in Pulikoradu

In Pulikoradu village, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Sri Pasumpon Nagar is above this median.

Stamp duty and registration fee for property in Sri Pasumpon 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, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Pasumpon Nagar?

The Sub Registrar Office that covers Sri Pasumpon Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pulikoradu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in the property market.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all parties involved are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value for Sri Pasumpon Nagar?

The current guideline value for Sri Pasumpon 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 changed significantly, starting from Rs 100 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 2,100% from 2007 to 2024.

What is the land classification for Sri Pasumpon Nagar?

Sri Pasumpon Nagar is classified as Residential Class I Type - II, indicating its designation for residential use.

What are the stamp duty and registration fees for property in Sri Pasumpon Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 1,98,000.

Which office handles property registrations for Sri Pasumpon Nagar?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Sri Pasumpon Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.