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 Panangottur village under the Chengleput Joint II SRO, and it is classified as Residential Special Type - III.

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

The guideline value for Puthumaipithan Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which was a decrease of 33% from Rs 1,072 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,600 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,760 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, placing Puthumaipithan Salai's 2024 figure above the 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)
• Rail Nagar 10nd Street (Ward -2): Rs 661 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 amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total charges Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

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

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

The guideline value is a critical factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

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 2023 to Rs 1,760 per sq.ft in 2024, reflecting a 10% increase. It was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012.

What is the land classification for Puthumaipithan Salai?

Puthumaipithan Salai is classified as Residential Special Type - III, indicating its suitability for residential development.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Puthumaipithan Salai (Ward -8).

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,60,000, the total stamp duty and registration fees would amount to Rs 1,58,400.