Guideline Value for PTC QUARTERS 3RD CROSS STREET

Ptc Quarters 3rd Cross Street guideline value

The current guideline value of Ptc Quarters 3rd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, which falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ptc Quarters 3rd Cross Street has changed

The guideline value for Ptc Quarters 3rd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the Rs 1,675 per sq.ft recorded in the 2017 revision. The 2023 revision increased the value to Rs 2,500 per sq.ft, which then rose to Rs 2,800 per sq.ft in the 2024 revision, reflecting a 12% increase.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are a total of 453 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for the village is Rs 3,300 per sq.ft, making the current value for Ptc Quarters 3rd Cross Street below the median.

• Ptc Quarters 2nd 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 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 Ptc Quarters 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost to Rs 2,52,000. It is important to 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 more information.

Which Sub Registrar Office covers Ptc Quarters 3rd Cross Street?

The Sub Registrar Office that covers Ptc Quarters 3rd Cross Street 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 additional details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value.

When engaging in property transactions, it's essential to be aware of the guideline value as it can directly impact the overall cost of registration. Buyers and sellers should consider this value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Ptc Quarters 3rd Cross Street?

The current guideline value of Ptc Quarters 3rd 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 for this street has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, a 12% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012, showing a significant increase over the years.

What are the other streets in Okkiyamthuraipakkam?

Other streets in Okkiyamthuraipakkam include Ptc Quarters 2nd Main Road, P.T.C.Quarters 4th Cross Street, Ptc Quarters 2nd Cross Street, Ptc Quarters 1st Main Road, and Ptc Quarters 1st Cross Street, with varying guideline values.

How is stamp duty calculated for properties in Ptc Quarters 3rd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,96,000.

Which office handles the registration for Ptc Quarters 3rd Cross Street?

The Neelankarai Sub Registrar Office handles the registration for Ptc Quarters 3rd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.