Guideline Value for ENGINEERS PARK

Engineers Park guideline value

The current guideline value of Engineers Park in Puthupakkam village, under the Thiruporur SRO, is Rs 2,500 per sq.ft. This value was established in the 2023 revision. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Engineers Park has changed

The guideline value for Engineers Park has undergone significant changes over the years. In the 2017 revision, the guideline value was Rs 1,675 per sq.ft. This figure saw an increase of 49% in the 2023 revision, bringing the current guideline value to Rs 2,500 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only relevant revisions are from 2017 and 2023.

Guideline values in Puthupakkam

Currently, there are no guideline values provided for other streets in Puthupakkam. Engineers Park is the only street mentioned in the available data.

Stamp duty and registration fee for property in Engineers Park

For a 1,000 sq.ft plot at the current rate, 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, totaling Rs 2,25,000. It is important to note that the 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 Engineers Park?

The Engineers Park area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is essential during the registration process of property transactions in Puthupakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the established rates.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency in property transactions and helps in avoiding undervaluation of properties.

Frequently asked questions

What is the current guideline value of Engineers Park?

The current guideline value of Engineers Park is Rs 2,500 per sq.ft, established in the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 49%, rising from Rs 1,675 per sq.ft to Rs 2,500 per sq.ft in 2023.

Are there any guideline values for other streets in Puthupakkam?

Currently, there are no guideline values provided for other streets in Puthupakkam. Engineers Park is the only street mentioned in the available data.

What are the stamp duty and registration fees for property in Engineers Park?

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot valued at Rs 25,00,000, the total fees would amount to Rs 2,25,000.

Where is the Thiruporur Sub Registrar Office located?

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