Guideline Value for P.T.C. NAGAR

P.T.C. Nagar guideline value

The current guideline value of P.T.C. Nagar, located in Ariyalur village under the Redhills SRO, is Rs 1,002 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

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

The guideline value register for P.T.C. Nagar shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 1,002 per sq.ft.

Since there are no figures available for the previous revisions, it can be noted that the current value reflects the first recorded figure for this street. The 2024 revision has introduced the guideline value of Rs 1,002 per sq.ft without any changes from prior revisions.

Guideline values in Ariyalur

Ariyalur village has a total of 24 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,002 to Rs 1,008 per sq.ft. The median value for these streets is Rs 1,002 per sq.ft, which aligns with the guideline value of P.T.C. Nagar.

• Perumal Koil Street (Colony): Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 4th Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 3rd Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 2nd Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 1st Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street: Rs 1,002 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 rate of Rs 1,002 per sq.ft, the guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total to Rs 90,180. Duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers P.T.C. Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ariyalur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

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 1,002 per sq.ft, effective from 1 July 2024.

What land classification is P.T.C. Nagar?

P.T.C. Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

How has the guideline value changed over the years?

There are no recorded figures for P.T.C. Nagar in the guideline value register for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only current figure is from the 2024 revision.

Where can I find the registration office for P.T.C. Nagar?

The registration office for P.T.C. Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

Stamp duty in P.T.C. Nagar is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.