Guideline Value for PUTHUR COLONY

Puthur Colony guideline value

The current guideline value of Puthur Colony is Rs 100 per sq.ft, effective from 1 July 2024. This village falls under the Cheyyur SRO and is classified as Residential Class IV Type - II.

How the guideline value of Puthur Colony has changed

The guideline value for Puthur Colony has seen significant changes over the years. The 2017 revision set the value at Rs 33 per sq.ft, which increased to Rs 100 per sq.ft in the 2023 revision. Notably, there were no figures available for the years 2002, 2003, 2007, and 2012 for this street. The 2024 revision maintains the value at Rs 100 per sq.ft, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 203%, and the overall change from 2017 to 2024 is also 203%. This reflects a substantial increase in the guideline value over the years, particularly from the 2017 figure.

Guideline values in Cheyyur - A

Puthur Colony's guideline value is below the median value of Rs 101 per sq.ft for the 64 streets in Cheyyur - A under the Cheyyur SRO, which range from Rs 100 to Rs 500 per sq.ft. The following are other streets in Cheyyur - A:

• Puthiyamman Koil: Rs 100 per sq.ft (2024)
• Pettai Street: Rs 400 per sq.ft (2024)
• Ramalingaswamy Koil Street: Rs 101 per sq.ft (2024)
• Perumalkoil Street: Rs 400 per sq.ft (2024)
• R.C.VELLIMEDU 1st STREET: Rs 101 per sq.ft (2024)
• R.C.VELLIMEDU 2st STREET: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Puthur Colony

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It's important to note that the 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 further assistance.

Which Sub Registrar Office covers Puthur Colony?

The Sub Registrar Office that covers Puthur Colony is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor in property transactions in Cheyyur - A, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid to the government.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value helps in establishing a transparent process during property transactions.

Frequently asked questions

What is the current guideline value of Puthur Colony?

The current guideline value of Puthur Colony is Rs 100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 203%, moving from Rs 33 per sq.ft to Rs 100 per sq.ft in 2024. The value remained the same from 2023 to 2024.

What is the land classification of Puthur Colony?

Puthur Colony is classified as Residential Class IV Type - II, indicating its designation for residential use.

Where can I find the registration office for Puthur Colony?

The registration office for Puthur Colony is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is stamp duty calculated for properties in Puthur Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.