Guideline Value for PTN EnClave

PTN EnClave guideline value

The current guideline value of PTN EnClave in Thirumani village is Rs 500 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of PTN EnClave has changed

The guideline value for PTN EnClave has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 500 per sq.ft. In 2017, it decreased to Rs 335 per sq.ft, marking a decline of 33%. However, this value increased significantly to Rs 500 per sq.ft in 2023, and it remained unchanged in the 2024 revision, reflecting a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The guideline value has seen no overall change from 2012 to 2024, remaining at Rs 500 per sq.ft.

Guideline values in Thirumani

In Thirumani, there are seven streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 601 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which is equal to the guideline value of PTN EnClave.

• SathyaGiraganagar: Rs 601 per sq.ft (2024)
• Malar Avenue: Rs 400 per sq.ft (2024)
• Sri Sai Garden: Rs 601 per sq.ft (2024)
• Krishnamurthi Nagar: Rs 601 per sq.ft (2024)
• Thirumalai Nagar: Rs 400 per sq.ft (2024)
• Annai Sathya Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in PTN EnClave

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. It is essential 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 precise calculations based on your property details.

Which Sub Registrar Office covers PTN EnClave?

PTN EnClave is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Thirumani. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with state regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. This process ensures transparency and standardization in real estate transactions.

Frequently asked questions

What is the current guideline value for PTN EnClave?

The current guideline value for PTN EnClave is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for PTN EnClave has remained at Rs 500 per sq.ft since 2023, with a significant increase from Rs 335 per sq.ft in 2017. Overall, there has been no change from 2012 to 2024.

What are the guideline values for other streets in Thirumani?

In Thirumani, other streets have varying guideline values ranging from Rs 400 to Rs 601 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which is the same as PTN EnClave's guideline value.

What fees are associated with buying property in PTN EnClave?

When buying property in PTN EnClave, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for PTN EnClave?

The Chengleput Joint I Sub Registrar Office covers PTN EnClave and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information through the provided link.