Guideline Value for CITADEL

Citadel guideline value

The current guideline value of Citadel, located in Puthupakkam village under the Thiruporur SRO, is Rs 2,500 per sq.ft. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Citadel has changed

In the 2017 revision, the guideline value for Citadel was set at Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision, with the same figure of Rs 2,500 per sq.ft. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

Thus, from 2017 to 2023, there was no change in the guideline value, reflecting a consistent valuation over this period.

Guideline values in Puthupakkam

Currently, there are no specific village figures available for Puthupakkam. Citadel is one of the streets under the Thiruporur SRO, but there are no other streets in Puthupakkam listed.

Stamp duty and registration fee for property in Citadel

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Citadel?

The Sub Registrar Office that covers Citadel is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration process of property transactions in Puthupakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers adhere to the legal requirements set by the Registration Department.

When buying or selling property, the guideline value helps in establishing a fair valuation of the property, which is essential for legal documentation. It is important for buyers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Citadel?

The current guideline value of Citadel is Rs 2,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Citadel has remained constant at Rs 2,500 per sq.ft from the 2017 revision to the 2023 revision, showing no change over this period.

Are there any other streets in Puthupakkam with guideline values?

No specific other streets in Puthupakkam are listed with guideline values at this time.

What fees are associated with property transactions in Citadel?

For property transactions in Citadel, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Citadel?

The Sub Registrar Office for Citadel is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.