Guideline Value for P.T.C. NAGAR

P.T.C. Nagar guideline value

The current guideline value of P.T.C. Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of P.T.C. Nagar has changed

The guideline value for P.T.C. Nagar has seen several revisions over the years. In 2017, the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nandambakkam

Nandambakkam has a total of 94 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 2,300 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, placing P.T.C. Nagar's 2024 figure below that median.

• P.T.C.Colony: Rs 770 per sq.ft (2024)
• Radhakrishnan Nagar: Rs 880 per sq.ft (2024)
• Rahmaniya Nagar: Rs 770 per sq.ft (2024)
• Rahmaniya Nagar Phase - II: Rs 770 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 990 per sq.ft (2024)
• Periyar Nagar Extension, Pillaiyar Koil Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in P.T.C. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, while the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers P.T.C. Nagar?

The Sub Registrar Office that covers P.T.C. Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nandambakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected by the government. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of P.T.C. Nagar?

The current guideline value of P.T.C. Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the other streets with guideline values in Nandambakkam?

Other streets in Nandambakkam include P.T.C.Colony, Radhakrishnan Nagar, Rahmaniya Nagar, Rahmaniya Nagar Phase - II, Rajiv Gandhi Nagar, and Periyar Nagar Extension, Pillaiyar Koil Street, with varying guideline values.

How is stamp duty calculated for property in P.T.C. Nagar?

Stamp duty for property in P.T.C. Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 53,900 based on the current guideline value.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for P.T.C. Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO by visiting the appropriate link.