Guideline Value for PURANARU STREET (N)

Puranaru Street (N) guideline value

The current guideline value of Puranaru Street (N) in Ninna Karai village is Rs 1,321 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Puranaru Street (N) has changed

The guideline value for Puranaru Street (N) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,321 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but the overall change from 2012 to 2024 shows a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Puranaru Street (N) above this median.

• Pugazhendi Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Puthumaipithan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Raagavalu Naidu Street (Ward -17): Rs 660 per sq.ft (2024)
• Radhai Nagar: Rs 1,100 per sq.ft (2024)
• Priya Nagar (Sa): Rs 440 per sq.ft (2024)
• Ragavendra Nagar (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Puranaru Street (N)

For a 1,000 sq.ft plot at the current rate of Rs 1,321 per sq.ft, the guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, while the registration fee at 2% would be Rs 26,420, bringing the total to Rs 1,18,890. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puranaru Street (N)?

Puranaru Street (N) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the official value set by the registration department. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Puranaru Street (N)?

The current guideline value of Puranaru Street (N) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,321 per sq.ft in 2024, marking a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification of Puranaru Street (N)?

Puranaru Street (N) is classified as Residential Special Type - V. This classification indicates the intended use of the land for residential purposes.

What are the other streets in Ninna Karai with their guideline values?

Other streets in Ninna Karai include Pugazhendi Street at Rs 1,321 per sq.ft, Puthumaipithan Salai at Rs 1,760 per sq.ft, and Raagavalu Naidu Street at Rs 660 per sq.ft, among others.

Where can I find the Sub Registrar Office for Puranaru Street (N)?

The Chengleput Joint II Sub Registrar Office covers Puranaru Street (N) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.