Guideline Value for PUTHU NAGAR THIRUVENKADAM STREET

Puthu Nagar Thiruvenkadam Street guideline value

The current guideline value of Puthu Nagar Thiruvenkadam Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Puthu Nagar Thiruvenkadam Street has changed

The guideline value for Puthu Nagar Thiruvenkadam Street has gone through several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 2,000 per sq.ft in 2023, and then to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

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 for these streets is Rs 2,200 per sq.ft, which matches the guideline value for Puthu Nagar Thiruvenkadam Street.

• Puthu Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Puthu Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Puthu Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Puthu Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Puthu Nagar 1st 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 Thiruvenkadam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. Please note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Puthu Nagar Thiruvenkadam Street?

Puthu Nagar Thiruvenkadam Street falls under the jurisdiction of 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 information.

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

The guideline value is crucial when registering property transactions in Jelandianpettai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation or overvaluation during registration. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies in the registration process.

Frequently asked questions

What is the current guideline value of Puthu Nagar Thiruvenkadam Street?

The current guideline value of Puthu Nagar Thiruvenkadam 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 land classification of Puthu Nagar Thiruvenkadam Street?

Puthu Nagar Thiruvenkadam Street is classified as Residential Class II Type - I.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Puthu Nagar Thiruvenkadam Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.