Guideline Value for PURATCHI THALAIVI NAGAR 3RD LEFT CROSS STREET

Puratchi Thalaivi Nagar 3rd Left Cross Street guideline value

The current guideline value for Puratchi Thalaivi Nagar 3rd Left Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Puratchi Thalaivi Nagar 3rd Left Cross Street has changed

The guideline value for Puratchi Thalaivi Nagar 3rd Left Cross Street has undergone several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and finally, it reached Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft, with the median value being Rs 2,530 per sq.ft. The guideline value for Puratchi Thalaivi Nagar 3rd Left Cross Street is below this median.

• Puratchi Thalaivi Nagar 3rd Right Cross Street: Rs 1,100 per sq.ft (2024)
• Puratchi Thalaivi Nagar 2nd Right Cross Street: Rs 1,100 per sq.ft (2024)
• Puratchi Thalaivi Nagar 2nd Left Cross Street: Rs 1,100 per sq.ft (2024)
• Puratchi Thalaivi Nagar 1st Right Cross Street: Rs 1,100 per sq.ft (2024)
• Puratchi Thalaivi Nagar 1st Left Cross Street: Rs 1,100 per sq.ft (2024)
• Puratchi Thalaivi Nagar Main Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Puratchi Thalaivi Nagar 3rd Left Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Puratchi Thalaivi Nagar 3rd Left Cross Street?

The Sub Registrar Office that covers Puratchi Thalaivi Nagar 3rd Left Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

When buying or selling property in Manapakkam, the guideline value is an essential factor in determining the registration fees and stamp duty payable. This value serves as a benchmark for the minimum price at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is important to note that the guideline value may differ from the actual sale price, and the duty is charged on the higher of the two. This means that buyers should be aware of the guideline value to avoid unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value for Puratchi Thalaivi Nagar 3rd Left Cross Street?

The current guideline value for Puratchi Thalaivi Nagar 3rd Left Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the median guideline value for streets in Manapakkam?

The median guideline value for streets in Manapakkam is Rs 2,530 per sq.ft, which is higher than the guideline value for Puratchi Thalaivi Nagar 3rd Left Cross Street.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 99,000.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Puratchi Thalaivi Nagar 3rd Left Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.