Guideline Value for P.T.C. Colony 3rd Street

P.T.C. Colony 3rd Street guideline value

The current guideline value of P.T.C. Colony 3rd Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of P.T.C. Colony 3rd Street has changed

The guideline value for P.T.C. Colony 3rd Street has seen several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which was then revised to Rs 1,206 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, reflecting a 49% rise. The latest revision in 2024 has set the value at Rs 1,900 per sq.ft, representing a 6% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

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 value for these streets is Rs 2,150 per sq.ft, placing the 2024 figure for P.T.C. Colony 3rd Street below this median.

• P.T.C. Colony 2nd 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 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers P.T.C. Colony 3rd Street?

The P.T.C. Colony 3rd Street falls under 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 a crucial factor during the registration of property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is important to be aware of the guideline value as it influences the financial obligations associated with the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid potential legal issues during registration.

Frequently asked questions

What is the current guideline value of P.T.C. Colony 3rd Street?

The current guideline value of P.T.C. Colony 3rd 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 changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the stamp duty and registration fees for property in P.T.C. Colony 3rd Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which Sub Registrar Office covers P.T.C. Colony 3rd Street?

The Selaiyur Sub Registrar Office covers P.T.C. Colony 3rd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of P.T.C. Colony 3rd Street?

P.T.C. Colony 3rd Street falls under the Residential Class I Type - II land classification.