Guideline Value for P.T.C. Colony 5th Street

P.T.C. Colony 5th Street guideline value

The current guideline value of P.T.C. Colony 5th 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 5th Street has changed

The guideline value for P.T.C. Colony 5th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft. The subsequent 2023 revision increased the value to Rs 1,800 per sq.ft, and the latest revision in 2024 raised it to Rs 1,900 per sq.ft.

From 2012 to 2017, there was a significant decrease of 33%. However, from 2017 to 2023, the value saw a substantial increase of 49%. The overall change from 2012 to 2024 is an increase of 6%. 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 with a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median value is Rs 2,150 per sq.ft, positioning P.T.C. Colony 5th Street below this median.

• P.T.C. Colony 4th 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 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 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total 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, totaling Rs 1,71,000. It is important to 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 5th Street?

The P.T.C. Colony 5th 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 calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum sale price for registration purposes. This ensures that the property is registered at a value that reflects its worth according to government standards.

Frequently asked questions

What is the current guideline value of P.T.C. Colony 5th Street?

The current guideline value of P.T.C. Colony 5th 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 is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft, which is higher than the current value of P.T.C. Colony 5th Street.

What are the registration fees for property in P.T.C. Colony 5th Street?

The registration fees include a stamp duty of 7% and a registration fee of 2%. For a property valued at Rs 19,00,000, the total fees would be Rs 1,71,000.

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.