Guideline Value for PUTHU NAGAR

Puthu Nagar guideline value

The current guideline value of Puthu Nagar, located in Puliyur village under the Tiruvallur Joint 1 SRO, is Rs 100 per sq.ft as per the 2023 revision. This area falls under the Residential Class III Type - II land classification.

How the guideline value of Puthu Nagar has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. However, this value decreased to Rs 67 per sq.ft in the 2017 revision, marking a decline of 33%. The most recent revision in 2023 saw a significant increase of 49%, bringing the guideline value back up to Rs 100 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 100 per sq.ft. It is important to note that for the years 2002, 2003, 2007, and 2024, the register has no figure for this street.

Guideline values in Puliyur

Currently, there are no specific village figures available for Puliyur. Puthu Nagar is part of the Tiruvallur Joint 1 SRO, and there are no other streets in Puliyur listed with guideline values.

Stamp duty and registration fee for property in Puthu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, resulting in a total of Rs 9,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Puthu Nagar?

The Sub Registrar Office covering Puthu Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puliyur. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Puthu Nagar?

The current guideline value of Puthu Nagar is Rs 100 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, and then back to Rs 100 per sq.ft in 2023. This represents a 49% increase from 2017 to 2023.

What is the land classification for Puthu Nagar?

Puthu Nagar falls under the Residential Class III Type - II land classification. This classification indicates the type of development permissible in the area.

Where is the Tiruvallur Joint 1 SRO located?

The Tiruvallur Joint 1 SRO is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001, in the Chennai registration zone.

How is stamp duty calculated in Puthu Nagar?

Stamp duty in Puthu Nagar is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft would incur a total stamp duty of Rs 7,000.