Guideline Value for P.T.C.COLONY 1ST STREET

P.T.C.Colony 1st Street guideline value

The current guideline value of P.T.C.Colony 1st Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of P.T.C.Colony 1st Street has changed

The guideline value for P.T.C.Colony 1st Street has seen several revisions over the years. In 2012, the value was Rs 6,500 per sq.ft, which then decreased to Rs 4,355 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 6,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 7,150 per sq.ft, which is a 10% 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 10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value in this area is Rs 9,900 per sq.ft, which means the 2024 figure for P.T.C.Colony 1st Street is below this median.

• P.T.C. Colony: Rs 7,150 per sq.ft (2024)
• P.T.C.Colony 2nd Street: Rs 7,150 per sq.ft (2024)
• P.T.C.Colony 3rd Street: Rs 7,150 per sq.ft (2024)
• P.T.C.Colony 4th Street: Rs 7,150 per sq.ft (2024)
• P.T.C.Colony 5th Street: Rs 7,150 per sq.ft (2024)
• Puthiran Kanni Kutai Slum: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in P.T.C.Colony 1st Street

For a property measuring 1,000 sq.ft at the current guideline value of Rs 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to Rs 5,00,500, while the registration fee at 2% would be Rs 1,43,000. Together, the total cost for stamp duty and registration would be Rs 6,43,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers P.T.C.Colony 1st Street?

The Sub Registrar Office that covers P.T.C.Colony 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the stamp duty. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of P.T.C.Colony 1st Street?

The current guideline value of P.T.C.Colony 1st Street is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then increased to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,150 per sq.ft in 2024.

What is the land classification of P.T.C.Colony 1st Street?

P.T.C.Colony 1st Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property in P.T.C.Colony 1st Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 71,50,000, the total stamp duty and registration fees would be Rs 6,43,500.

Where is the Sub Registrar Office for P.T.C.Colony 1st Street located?

The Sub Registrar Office for P.T.C.Colony 1st Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.