Guideline Value for PUTHUCHERI SOUTH SRTEET

Puthucheri South Srteet guideline value

The current guideline value of Puthucheri South Srteet is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Puthucheri South Srteet has changed

The guideline value for Puthucheri South Srteet has seen several revisions over the years. The 2007 revision set the value at Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 502 per sq.ft, before rising again to Rs 750 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 1150%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with the median being Rs 750 per sq.ft. The guideline value of Puthucheri South Srteet aligns with this median.

• Ponniyamman Kovil St: Rs 750 per sq.ft (2024)
• Ponnamaniyamman Kovil St: Rs 750 per sq.ft (2024)
• Rajaveethi: Rs 2,000 per sq.ft (2024)
• RAJAVEETHI-1rd-CROSS ST: Rs 1,500 per sq.ft (2024)
• RAJAVEETHI-2rd-CROSS ST: Rs 1,500 per sq.ft (2024)
• RAJAVEETHI-3rd-CROSS ST: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Puthucheri South Srteet

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, while the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Puthucheri South Srteet?

The Puthucheri South Srteet falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Puthucheri South Srteet?

The current guideline value of Puthucheri South Srteet is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, dropping to Rs 502 per sq.ft in 2017, and then returning to Rs 750 per sq.ft in both 2023 and 2024.

What is the land classification of Puthucheri South Srteet?

Puthucheri South Srteet is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

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

The stamp duty is charged at 7% of the guideline value or sale price, and the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 750 per sq.ft would incur a total of Rs 67,500 in fees.

Which Sub Registrar Office covers Puthucheri South Srteet?

The Walajabad Sub Registrar Office covers Puthucheri South Srteet, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.