Guideline Value for POLICE LINE QUT

Police Line Qut guideline value

The current guideline value of Police Line Qut 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 Police Line Qut has changed

The guideline value for Police Line Qut has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 7,150 per sq.ft, an increase from Rs 6,500 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 4,355 per sq.ft, reflecting 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 previous figure in 2017.

It is important to note that there are no registered figures for Police Line Qut in the years 2002, 2003, and 2007. 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 with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, indicating that the 2024 guideline value for Police Line Qut is below this median.

• Pilori Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 7,150 per sq.ft (2024)
• Pillaiar Koil Street (Rajaji Nagr): Rs 9,900 per sq.ft (2024)
• P.T.C. Colony: Rs 7,150 per sq.ft (2024)
• P.T.C.Colony 1st Street: Rs 7,150 per sq.ft (2024)
• P.T.C.Colony 2nd Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Police Line Qut

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to 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 Police Line Qut?

The Sub Registrar Office that covers Police Line Qut 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.

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 the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the costs involved in the transaction. This helps in maintaining transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Police Line Qut?

The current guideline value of Police Line Qut 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 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023, and then to Rs 7,150 per sq.ft in 2024. This reflects a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

What is the land classification for Police Line Qut?

Police Line Qut is classified as Residential Class IV Type - I, indicating its designation for residential purposes within the area.

Where can I find the registration office for Police Line Qut?

The registration office for Police Line Qut 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 Police Line Qut?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 6,43,500.