Guideline Value for P.T.C.COLONY 3RD STREET

P.T.C.Colony 3rd Street guideline value

The current guideline value of P.T.C.Colony 3rd Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of P.T.C.Colony 3rd Street has changed

The guideline value for P.T.C.Colony 3rd Street has seen several revisions over the years. The earliest recorded revision is from 2012, with a guideline value of Rs 6,500 per sq.ft. This was followed by a decrease to Rs 4,355 per sq.ft in the 2017 revision, which was a 33% drop. The value then increased significantly to Rs 6,500 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 set the guideline value at Rs 7,150 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for P.T.C.Colony 3rd 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 that have a guideline value for 2024, 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 that P.T.C.Colony 3rd Street's 2024 figure is below this median.

• P.T.C.Colony 2nd 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 1st Street: Rs 7,150 per sq.ft (2024)
• P.T.C.Colony 5th Street: Rs 7,150 per sq.ft (2024)
• P.T.C. Colony: 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total to Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value or 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 3rd Street?

The Sub Registrar Office covering P.T.C.Colony 3rd 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Thiruvanmiyur. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers need to be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When registering a property, the guideline value is used to determine the minimum value on which stamp duty is calculated, ensuring that the government receives the appropriate revenue from property transactions. It is essential for both parties in a transaction to be informed about the guideline value to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of P.T.C.Colony 3rd Street?

The current guideline value of P.T.C.Colony 3rd 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 reached Rs 7,150 per sq.ft in 2024.

What is the land classification for P.T.C.Colony 3rd Street?

P.T.C.Colony 3rd Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for P.T.C.Colony 3rd 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.

How is the stamp duty calculated for properties in Thiruvanmiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 71,50,000, the stamp duty at 7% would be Rs 5,00,500.