Guideline Value for PUTHIYAMMAN KOIL

Puthiyamman Koil guideline value

The current guideline value of Puthiyamman Koil is Rs 100 per sq.ft, effective from 1 July 2024. This village falls under the Cheyyur SRO and is classified as Residential Class IV Type - II.

How the guideline value of Puthiyamman Koil has changed

In the 2017 revision, the guideline value was Rs 33 per sq.ft. This value remained unchanged in the 2023 revision, where it was still Rs 100 per sq.ft. The current guideline value has not changed from the 2023 revision to the 2024 revision, maintaining the rate at Rs 100 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 203%. The transition from 2017 to 2023 showed a significant increase of 203%, but the value remained stable between 2023 and 2024.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 101 per sq.ft. The guideline value of Puthiyamman Koil is below this median.

• Puthur Colony: Rs 100 per sq.ft (2024)
• Pettai Street: Rs 400 per sq.ft (2024)
• Ramalingaswamy Koil Street: Rs 101 per sq.ft (2024)
• Perumalkoil Street: Rs 400 per sq.ft (2024)
• R.C.VELLIMEDU 1st STREET: Rs 101 per sq.ft (2024)
• R.C.VELLIMEDU 2st STREET: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Puthiyamman Koil

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which totals Rs 7,000, while the registration fee is 2%, amounting to Rs 2,000. Together, the total cost for these fees is Rs 9,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Puthiyamman Koil?

The Puthiyamman Koil area is covered by the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value plays a crucial role in property transactions in Cheyyur - A. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value ensures that the government receives appropriate revenue from property transactions.

When selling property, the guideline value can influence the selling price, as it provides a benchmark for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to facilitate a fair transaction.

Frequently asked questions

What is the current guideline value of Puthiyamman Koil?

The current guideline value of Puthiyamman Koil is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 33 per sq.ft in 2017 to Rs 100 per sq.ft in both the 2023 and 2024 revisions, reflecting a total increase of 203% from 2017 to 2024.

What are the stamp duty and registration fees for property in Puthiyamman Koil?

The stamp duty is charged at 7%, and the registration fee is 2%. For a property valued at Rs 1,00,000, the total fees would amount to Rs 9,000.

Which office handles property registrations for Puthiyamman Koil?

The Cheyyur Sub Registrar Office handles property registrations for Puthiyamman Koil, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is essential as it determines the stamp duty and registration fees for property transactions. It serves as a benchmark for buyers and sellers during property dealings in Cheyyur - A.