Guideline Value for P.T.C.COLONY 4TH STREET

P.T.C.Colony 4th Street guideline value

The current guideline value of P.T.C.Colony 4th 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 4th Street has changed

In the 2012 revision, the guideline value for P.T.C.Colony 4th Street was Rs 6,500 per sq.ft. This figure remained the same in the 2012 revision until it saw a decline to Rs 4,355 per sq.ft in the 2017 revision, marking a decrease of 33%. The value then increased significantly to Rs 6,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 7,150 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a guideline value for 2024, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing P.T.C.Colony 4th Street's 2024 figure below that median.

• P.T.C.Colony 3rd 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 2nd 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: 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 4th 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 cost for these fees to Rs 6,43,500. Please note that the 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.Colony 4th Street?

The P.T.C.Colony 4th Street falls under 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, Chennai registration zone.

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 during property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of P.T.C.Colony 4th Street?

The current guideline value of P.T.C.Colony 4th 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 seen several changes, increasing from Rs 6,500 per sq.ft in 2012 to Rs 4,355 in 2017, then rising to Rs 6,500 in 2023, and finally reaching Rs 7,150 in 2024.

What is the land classification for P.T.C.Colony 4th Street?

P.T.C.Colony 4th Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for P.T.C.Colony 4th Street?

The Sub Registrar Office for P.T.C.Colony 4th Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is 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 valued at Rs 71,50,000, the stamp duty would be calculated at 7% of that amount.