Guideline Value for PURUSHOTHAMAN AVENUE

Purushothaman Avenue guideline value

The current guideline value of Purushothaman Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Purushothaman Avenue has changed

The guideline value for Purushothaman Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision raised the value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, highlighting a significant rise in the guideline value over this period.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for the village is Rs 1,320 per sq.ft, which is equal to the current value of Purushothaman Avenue.

• Purushothaman Avenue Phase III: Rs 2,750 per sq.ft (2024)
• Puthar Street: Rs 1,100 per sq.ft (2024)
• Radhakrishnan Salai: Rs 2,200 per sq.ft (2024)
• Ragaendira Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
• Ragavendhara Nagar: Rs 1,650 per sq.ft (2024)
• Ragavendira Nagar 1st Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Purushothaman Avenue

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, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Purushothaman Avenue?

The Sub Registrar Office that covers Purushothaman Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pozhichalur

The guideline value is an essential factor in the registration process for property transactions in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with local regulations. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Purushothaman Avenue?

The current guideline value of Purushothaman Avenue 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 represents a total increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Pozhichalur?

Other streets in Pozhichalur have varying guideline values. For instance, Purushothaman Avenue Phase III is valued at Rs 2,750 per sq.ft, while Puthar Street is at Rs 1,100 per sq.ft.

What fees are associated with buying property in Purushothaman Avenue?

When buying property in Purushothaman Avenue, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,18,800 based on the current guideline value.

Where can I find the Sub Registrar Office for Purushothaman Avenue?

The Sub Registrar Office for Purushothaman Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details about your SRO through the provided link.