Guideline Value for P.T.C. Colony 4th Street

P.T.C. Colony 4th Street guideline value

The current guideline value of P.T.C. Colony 4th 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 4th Street has changed

The guideline value for P.T.C. Colony 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was followed by a decrease to Rs 1,206 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,900 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 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 guideline value is Rs 2,150 per sq.ft, making the 2024 figure for P.T.C. Colony 4th Street below that median.

• P.T.C. Colony 3rd Street: Rs 1,900 per sq.ft (2024)
• P.T.C. Colony 5th Street: Rs 1,900 per sq.ft (2024)
• P.T.C. Colony 2nd Street: Rs 1,900 per sq.ft (2024)
• P.T.C. Colony 1st 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 4th 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. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers P.T.C. Colony 4th Street?

The Sub Registrar Office that covers P.T.C. Colony 4th 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 a critical factor in property transactions in Rajakilpakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties comply with the legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. This value is regularly updated by the Registration Department to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of P.T.C. Colony 4th Street?

The current guideline value of P.T.C. Colony 4th 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 significantly from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification of P.T.C. Colony 4th Street?

P.T.C. Colony 4th Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

How is stamp duty calculated for properties in P.T.C. Colony 4th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 19,00,000, resulting in a stamp duty of Rs 1,33,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.