Guideline Value for PUTHU NAGAR 4TH STREET

Puthu Nagar 4th Street guideline value

The current guideline value for Puthu Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Puthu Nagar 4th Street has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure then dropped to Rs 1,340 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and then rose again to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figure for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a net increase of 10%. The transition from the 2017 revision to the 2023 revision marked a notable increase of 49%.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of Puthu Nagar 4th Street.

• Puthu Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Puthu Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Puthu Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Puthu Nagar Thiruvenkadam Street: Rs 2,200 per sq.ft (2024)
• Puuthu Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Quaid-E-Millath Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Puthu Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty is charged at 7%, amounting to Rs 1,54,000, and the registration fee at 2% is Rs 44,000. Together, the total cost for stamp duty and registration fee would be Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Puthu Nagar 4th Street?

The Sub Registrar Office that covers Puthu Nagar 4th 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. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Jelandianpettai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of properties in the area.

When buying or selling property, the guideline value helps determine the legal and financial obligations involved in the transaction. It is essential for both buyers and sellers to be aware of this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Puthu Nagar 4th Street?

The current guideline value of Puthu Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the stamp duty rate for properties in Puthu Nagar 4th Street?

The stamp duty rate for properties in Puthu Nagar 4th Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Puthu Nagar 4th Street?

The Chennai South Joint I Sub Registrar Office handles the registration for Puthu Nagar 4th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Puthu Nagar 4th Street?

The land classification for Puthu Nagar 4th Street is Residential Class II Type - I.