Guideline Value for PTC NAGAR

Ptc Nagar guideline value

The current guideline value of Ptc Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Sirupinayoor,Thiruvanthavar,Perungazhi village, under the Salavakkam SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Ptc Nagar has changed

Over the years, the guideline value of Ptc Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision had a lower value of Rs 167 per sq.ft, marking a decrease of 33% from the previous 2012 figure. The 2024 revision has maintained the value at Rs 250 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 250 per sq.ft.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In Sirupinayoor,Thiruvanthavar,Perungazhi, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,000 per sq.ft. The median value for these streets is Rs 150 per sq.ft, and Ptc Nagar's 2024 figure is above that median.

• Ponnagaram Mannai Pirivu: Rs 100 per sq.ft (2024)
• Mtc Nagar Phase-2: Rs 250 per sq.ft (2024)
• Mtc Nagar: Rs 250 per sq.ft (2024)
• Sri Balaji Nagar: Rs 100 per sq.ft (2024)
• Mamandur New City: Rs 150 per sq.ft (2024)
• Sri Lakshminarasimmar Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Ptc Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to 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 Ptc Nagar?

Ptc Nagar falls under the Salavakkam Sub Registrar Office located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value is a crucial factor in the registration process when buying or selling property in Sirupinayoor,Thiruvanthavar,Perungazhi. It helps determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are compliant with legal requirements.

When a property is registered, the guideline value is assessed to calculate the applicable duties. This value serves as a benchmark for the official valuation of the property, which can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ptc Nagar?

The current guideline value of Ptc Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a notable increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification for Ptc Nagar?

Ptc Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the registration office for Ptc Nagar?

The Salavakkam Sub Registrar Office covers Ptc Nagar, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for property in Ptc Nagar?

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 Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000, leading to a stamp duty of Rs 17,500.