Guideline Value for PURANARU STREET (N)

Puranaru Street (N) guideline value

The current guideline value of Puranaru Street (N) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

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

The guideline value for Puranaru Street (N) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is an increase from Rs 1,200 per sq.ft in 2023, reflecting a 10% rise. Prior to that, the 2017 revision had the value at Rs 804 per sq.ft, marking a significant increase of 49% to reach the 2023 figure. The 2012 revision also recorded a value of Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

The register does not provide figures for the years 2002, 2003, and 2007 for this street. Therefore, the first recorded value for Puranaru Street (N) is from the 2012 revision.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Puranaru Street (N) above this median with its 2024 figure of Rs 1,320 per sq.ft.

• Pugazhendi Street (Ward -6): Rs 1,320 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)
• Priya Nagar (Sa): Rs 440 per sq.ft (2024)
• Ragavendra Nagar (N): Rs 660 per sq.ft (2024)
• Ragavendrar Koil Street Peramanur (Ward -15): Rs 440 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 guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to 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)?

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

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

The guideline value is a crucial factor when registering property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair price of the property. Buyers and sellers must consider this value to avoid discrepancies during the registration process, as the stamp duty is calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Puranaru Street (N) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024. This reflects an overall increase of 10% from 2012 to 2024.

What are the stamp duty and registration fees for property in Puranaru Street (N)?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Puranaru Street (N)?

The Chengleput Joint II Sub Registrar Office covers Puranaru Street (N), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

The land classification for Puranaru Street (N) is Residential Special Type - V, indicating its suitability for residential purposes.