Guideline Value for P.T.C.QUARTERS 4TH CROSS STREET

P.T.C.Quarters 4th Cross Street guideline value

The current guideline value of P.T.C.Quarters 4th Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of P.T.C.Quarters 4th Cross Street has changed

The guideline value for P.T.C.Quarters 4th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. However, in 2017, it decreased to Rs 1,675 per sq.ft, representing a decline of 33%. The value then increased significantly to Rs 2,500 per sq.ft in the 2023 revision, followed by the current rate of Rs 2,800 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for P.T.C.Quarters 4th Cross Street is below this median.

• Ptc Quarters 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• Ptc Quarters 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Ptc Quarters 2nd Cross Street: Rs 2,800 per sq.ft (2024)
• Ptc Quarters 1st Main Road: Rs 3,300 per sq.ft (2024)
• Ptc Quarters 1st Cross Street: Rs 2,800 per sq.ft (2024)
• Prime Phase-II: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in P.T.C.Quarters 4th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.T.C.Quarters 4th Cross Street?

The P.T.C.Quarters 4th Cross Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Okkiyamthuraipakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is documented at a fair price, reflecting the current market conditions. It serves as a benchmark for assessing the value of properties in the area, providing transparency in real estate transactions.

Frequently asked questions

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

The current guideline value of P.T.C.Quarters 4th Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

Which Sub Registrar Office covers P.T.C.Quarters 4th Cross Street?

P.T.C.Quarters 4th Cross Street is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the stamp duty for a property in P.T.C.Quarters 4th Cross Street?

The stamp duty for a property in P.T.C.Quarters 4th Cross Street is 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 1,96,000 based on the current guideline value.

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

The land classification for P.T.C.Quarters 4th Cross Street is Residential Class II Type - II.