Guideline Value for PURATCHI THALAIVI NAGAR 3RD RIGHT CROSS STREET

Puratchi Thalaivi Nagar 3rd Right Cross Street guideline value

The current guideline value of Puratchi Thalaivi Nagar 3rd Right 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 Right Cross Street has changed

The guideline value for Puratchi Thalaivi Nagar 3rd Right Cross Street has undergone several revisions over the years. The earliest recorded figure 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 rose to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the revisions, the changes are notable. From 2017 to 2023, there was a significant increase of 49%. However, the period from 2012 to 2017 saw a decrease of 33%. 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. The median value for these streets is Rs 2,530 per sq.ft, indicating that the guideline value of Puratchi Thalaivi Nagar 3rd Right Cross Street is below this median.

• Puratchi Thalaivi Nagar 3rd Left 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 Right Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers Puratchi Thalaivi Nagar 3rd Right 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. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Manapakkam. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when acquiring property. This ensures that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value can influence the sale price, as it provides a reference point for both buyers and sellers. It is essential for both parties to be aware of the guideline value to ensure a smooth transaction process and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Puratchi Thalaivi Nagar 3rd Right Cross Street?

The current guideline value of Puratchi Thalaivi Nagar 3rd Right 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 land classification for this street?

The land classification for Puratchi Thalaivi Nagar 3rd Right Cross Street is Residential Class V Type - III.

Which Sub Registrar Office covers this street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 11,00,000, the stamp duty at 7% would amount to Rs 77,000.