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. This street is located in Peramanoor 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 has seen several revisions over the years. In 2012, the value was set at Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in 2017. The 2023 revision raised the value to Rs 1,600 per sq.ft, and the most recent revision in 2024 has increased it further to Rs 1,760 per sq.ft.

Between the revisions, there have been significant changes. From 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The 2023 to 2024 revision saw a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Puthumaipithan Salai's 2024 figure above this median.

• Raagavalu Naidu Street (Ward -17): Rs 661 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 661 per sq.ft (2024)
• Ragavendrar Koil Street Peramanur (Ward -15): Rs 661 per sq.ft (2024)
• Rail Nagar 10nd Street (Ward -2): Rs 1,100 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 fees together Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Puthumaipithan Salai (Ward -8) is 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 information.

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

The guideline value is a crucial factor when buying or selling property in Peramanoor. It determines the minimum price at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price, which can affect the total cost of the transaction.

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 several times, with the most recent increase being 10% from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400. These fees are based on the guideline value or sale price, whichever is higher.

Which office handles registrations for Puthumaipithan Salai (Ward -8)?

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

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

The land classification for Puthumaipithan Salai (Ward -8) is Residential Special Type - III, which indicates the specific use and regulations applicable to this area.