Guideline Value for P.J.R Green Lands

P.J.R Green Lands guideline value

The current guideline value of P.J.R Green Lands in Puthakaram village is Rs 150 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad SRO and is classified as Residential Class I Type - I.

How the guideline value of P.J.R Green Lands has changed

The guideline value for P.J.R Green Lands has seen several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 100 per sq.ft. The 2023 revision brought the value back to Rs 150 per sq.ft, which has been maintained into the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 50%. Overall, from 2012 to 2024, there has been no change in the guideline value, remaining at Rs 150 per sq.ft.

Guideline values in Puthakaram

Puthakaram village has 10 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for P.J.R Green Lands is below this median.

• Sai Thiruchandur Murugan Nagar: Rs 250 per sq.ft (2024)
• Nandhavanam: Rs 200 per sq.ft (2024)
• Sri Dakshina Moorthy Nagar: Rs 250 per sq.ft (2024)
• Sri Gunnalamman Nagar: Rs 150 per sq.ft (2024)
• SVP garden: Rs 150 per sq.ft (2024)
• Indraprastha: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in P.J.R Green Lands

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty, charged at 7%, would be Rs 10,500, while the registration fee at 2% would be Rs 3,000, leading to a total of Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.J.R Green Lands?

The P.J.R Green Lands property falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Puthakaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two 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 P.J.R Green Lands?

The current guideline value of P.J.R Green Lands is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

What is the classification of P.J.R Green Lands?

P.J.R Green Lands is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in P.J.R Green Lands?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, leading to a total of Rs 13,500.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles the registration of properties in the area.