Guideline Value for IT PARK AVENUE PHASE-I

It Park Avenue Phase-I guideline value

The current guideline value for It Park Avenue Phase-I is Rs 2,239 per sq.ft. This property is located in Puthupakkam village and falls under the Thiruporur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of It Park Avenue Phase-I has changed

The guideline value for It Park Avenue Phase-I has undergone significant changes over the years. In the 2017 revision, the guideline value was set at Rs 1,500 per sq.ft. This marked a substantial increase when compared to the previous revision figures, which are not available for the years 2002, 2003, 2007, and 2012. The most recent 2023 revision shows a guideline value of Rs 2,239 per sq.ft, reflecting an increase of 49% from the 2017 figure.

To summarize, the guideline value has progressed from Rs 1,500 per sq.ft in 2017 to Rs 2,239 per sq.ft in 2023. The revisions for the years 2002, 2003, 2007, 2012, and 2024 do not have figures listed for this street.

Guideline values in Puthupakkam

Currently, there are no specific village figures available for Puthupakkam. It Park Avenue Phase-I is the only street mentioned in the guideline value register for this area.

Stamp duty and registration fee for property in It Park Avenue Phase-I

For a 1,000 sq.ft plot at the current rate of Rs 2,239 per sq.ft, the guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780. Together, the total fees would amount to Rs 2,01,510. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers It Park Avenue Phase-I?

The It Park Avenue Phase-I property 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puthupakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state collects appropriate revenue from property transactions, reflecting the value of the property as per the established guidelines.

Frequently asked questions

What is the current guideline value of It Park Avenue Phase-I?

The current guideline value of It Park Avenue Phase-I is Rs 2,239 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,500 per sq.ft to Rs 2,239 per sq.ft, which is a rise of 49%.

Are there any guideline values available for the years 2002, 2003, 2007, 2012, and 2024?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for It Park Avenue Phase-I.

What are the stamp duty and registration fees for a property in It Park Avenue Phase-I?

For a property valued at Rs 22,39,000, the stamp duty at 7% is Rs 1,56,730, and the registration fee at 2% is Rs 44,780, totaling Rs 2,01,510.

Which office handles the registration for It Park Avenue Phase-I?

The Thiruporur Sub Registrar Office handles the registration for It Park Avenue Phase-I, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.