Guideline Value for P.T.C. Colony 2nd Street

P.T.C. Colony 2nd Street guideline value

The current guideline value of P.T.C. Colony 2nd Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Class I Type - II.

How the guideline value of P.T.C. Colony 2nd Street has changed

The guideline value for P.T.C. Colony 2nd Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,800 per sq.ft, which remained unchanged until the next revision in 2017, where it decreased to Rs 1,206 per sq.ft. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and then to Rs 1,900 per sq.ft in 2024.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value saw a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 6% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 2,150 per sq.ft, placing P.T.C. Colony 2nd Street's 2024 figure below this median.

• P.T.C. Colony 1st Street: Rs 1,900 per sq.ft (2024)
• P.T.C. Colony 3rd Street: Rs 1,900 per sq.ft (2024)
• P.T.C. Colony 4th Street: Rs 1,900 per sq.ft (2024)
• P.T.C. Colony 5th Street: Rs 1,900 per sq.ft (2024)
• Purananooru Street: Rs 1,300 per sq.ft (2024)
• Puthukoil Street: Rs 850 per sq.ft (2024)

Stamp duty and registration fee for property in P.T.C. Colony 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. 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 P.T.C. Colony 2nd Street?

The Sub Registrar Office that covers P.T.C. Colony 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Rajakilpakkam

The guideline value is an essential factor when registering property transactions in Rajakilpakkam. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value according to government standards.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of P.T.C. Colony 2nd Street?

The current guideline value of P.T.C. Colony 2nd Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being an increase from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024. The value decreased from Rs 1,800 in 2012 to Rs 1,206 in 2017 before increasing again in subsequent years.

What is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft. The guideline value for P.T.C. Colony 2nd Street is below this median.

What are the stamp duty and registration fees for property in P.T.C. Colony 2nd Street?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000, and the registration fee would be Rs 38,000, totaling Rs 1,71,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers P.T.C. Colony 2nd Street?

The Selaiyur Sub Registrar Office covers P.T.C. Colony 2nd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.