Guideline Value for PTC QUARTERS 2ND MAIN ROAD

Ptc Quarters 2nd Main Road guideline value

The current guideline value of Ptc Quarters 2nd Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ptc Quarters 2nd Main Road has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 3,000 per sq.ft. The most recent revision in 2024 saw a further increase to Rs 3,300 per sq.ft, representing a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for this area is Rs 3,300 per sq.ft, which is the same as the guideline value for Ptc Quarters 2nd Main Road.

• Ptc Quarters 2nd Cross Street: Rs 2,800 per sq.ft (2024)
• Ptc Quarters 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• Ptc Quarters 1st Main Road: Rs 3,300 per sq.ft (2024)
• P.T.C.Quarters 4th Cross Street: Rs 2,800 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 Ptc Quarters 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty is charged at 7%, which totals Rs 2,31,000, while the registration fee is 2%, amounting to Rs 66,000. Together, these fees total Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ptc Quarters 2nd Main Road?

The Sub Registrar Office that covers Ptc Quarters 2nd Main Road is 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 further assistance.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Okkiyamthuraipakkam, the guideline value serves as a benchmark for stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall transaction costs and legal requirements during the registration process. Understanding this value helps facilitate smoother property dealings within the region.

Frequently asked questions

What is the current guideline value of Ptc Quarters 2nd Main Road?

The current guideline value of Ptc Quarters 2nd Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: from Rs 3,000 in 2012 to Rs 2,010 in 2017, then back to Rs 3,000 in 2023, and finally to Rs 3,300 in 2024.

What is the registration office for Ptc Quarters 2nd Main Road?

The registration office for Ptc Quarters 2nd Main Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the stamp duty for property transactions in this area?

The stamp duty for property transactions in the area is charged at 7% of the guideline value or the sale price, whichever is higher.

Are there other streets with guideline values in Okkiyamthuraipakkam?

Yes, there are several other streets in Okkiyamthuraipakkam with their own guideline values, ranging from Rs 1,100 to Rs 8,800 per sq.ft, with the median being Rs 3,300 per sq.ft.