Guideline Value for P.W.D. Quarters

P.W.D. Quarters guideline value

The current guideline value for P.W.D. Quarters in Tondaiarpet village, under the Royapuram SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of P.W.D. Quarters has changed

The guideline value for P.W.D. Quarters has seen several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft as per the 2024 revision.

Looking at the changes, the guideline value increased by 49% from 2017 to 2023, and by 8% from 2023 to 2024. Overall, from 2012 to 2024, there has been an increase of 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, placing P.W.D. Quarters below this median.

• P.W.D Colony: Rs 1,300 per sq.ft (2024)
• Q.Q. Scheme Road: Rs 1,600 per sq.ft (2024)
• Puthumanai Kuppam Pradana Salai: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 7th Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 6th Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 5th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in P.W.D. Quarters

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers P.W.D. Quarters?

The P.W.D. Quarters are covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Tondaiarpet. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements.

When a property is sold, the sale price or the guideline value, whichever is higher, is considered for calculating the applicable duties. This ensures that the transaction adheres to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of P.W.D. Quarters?

The current guideline value of P.W.D. Quarters is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and is currently Rs 1,300 per sq.ft in 2024.

What are the other streets in Tondaiarpet with their guideline values?

Other streets in Tondaiarpet include P.W.D Colony, Q.Q. Scheme Road, and several others, with guideline values ranging from Rs 1,300 to Rs 1,600 per sq.ft as of 2024.

What is the registration office for P.W.D. Quarters?

The registration office for P.W.D. Quarters is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in P.W.D. Quarters?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at 7%.