Guideline Value for PUTHUMAIPITHAN SALAI (WARD -8)

Puthumaipithan Salai (Ward -8) guideline value

The current guideline value of Puthumaipithan Salai (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Puthumaipithan Salai (Ward -8) has changed

The guideline value for Puthumaipithan Salai (Ward -8) has seen several revisions over the years. The earliest recorded revision is from 2012, with a guideline value of Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in 2017. The next revision in 2023 raised the value to Rs 1,600 per sq.ft, and the most recent revision in 2024 increased it further to Rs 1,760 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023 and then by 10% from 2023 to 2024. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Puthumaipithan Salai (Ward -8) above this median.

• Raagavalu Naidu Street (Ward -17): Rs 660 per sq.ft (2024)
• Puranaru Street (N): Rs 1,320 per sq.ft (2024)
• Pugazhendi Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Ragavendra Nagar (N): Rs 660 per sq.ft (2024)
• Ragavendrar Koil Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• P.S.G Garden: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Puthumaipithan Salai (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total cost Rs 1,58,400. Stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Puthumaipithan Salai (Ward -8)?

The Sub Registrar Office covering Puthumaipithan Salai (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kattankollatur, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is important for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Puthumaipithan Salai (Ward -8)?

The current guideline value of Puthumaipithan Salai (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for Puthumaipithan Salai (Ward -8)?

The land classification for Puthumaipithan Salai (Ward -8) is Residential Special Type - III.

Where is the Sub Registrar Office for this area located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty for properties in Kattankollatur is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 17,60,000, the stamp duty at 7% would be Rs 1,23,200.