Guideline Value for P.T.C.COLONY 5TH STREET

P.T.C.Colony 5th Street guideline value

The current guideline value of P.T.C.Colony 5th 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 it falls under Residential Class IV Type - I land classification.

How the guideline value of P.T.C.Colony 5th Street has changed

The guideline value for P.T.C.Colony 5th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 7,150 per sq.ft, which is a 10% increase from the 2023 revision of Rs 6,500 per sq.ft. Prior to that, in 2017, the guideline value was Rs 4,355 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 6,500 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. Therefore, the earliest recorded value is from 2012, which was Rs 6,500 per sq.ft. This indicates a notable fluctuation in the guideline values over the years, reflecting changes in the local property landscape.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value 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, which means that the 2024 guideline value of P.T.C.Colony 5th Street is below this median.

• P.T.C.Colony 4th 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 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 5th 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers P.T.C.Colony 5th Street?

The P.T.C.Colony 5th 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. You can find your SRO for more information.

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 a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the costs associated with the transaction.

When registering a property, the guideline value is used to assess the amount of tax payable. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of P.T.C.Colony 5th Street?

The current guideline value of P.T.C.Colony 5th 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 2023 to Rs 7,150 per sq.ft in 2024, a 10% increase. It was Rs 4,355 per sq.ft in 2017, showing a 49% increase to 2023.

What is the registration office for P.T.C.Colony 5th Street?

The registration office for P.T.C.Colony 5th 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.

What are the stamp duty and registration fees for a property in P.T.C.Colony 5th Street?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 71,50,000. The stamp duty would be Rs 5,00,500 and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that both buyers and sellers are aware of the costs associated with the transaction and comply with local regulations.