Guideline Value for Pettai Ist Street

Pettai Ist Street guideline value

The current guideline value of Pettai Ist Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pettai Ist Street has changed

The guideline value for Pettai Ist Street has seen significant changes over the years. The earliest recorded revision was in 2017, where the value was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Pettai Ist Street in the revisions of 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Pettai Ist Street is below this median.

• Pettai Street: Rs 1,760 per sq.ft (2024)
• Pettai Street Lane: Rs 1,760 per sq.ft (2024)
• Pillayar Koil Street: Rs 1,760 per sq.ft (2024)
• Pillayar Koil Street (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Periya Street: Rs 1,760 per sq.ft (2024)
• Pilliyar Koil Ist Lane: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Pettai Ist Street

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, bringing the total charges to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pettai Ist Street?

The Sub Registrar Office covering Pettai Ist Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When you buy or sell property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established values.

Frequently asked questions

What is the current guideline value of Pettai Ist Street?

The current guideline value of Pettai Ist Street 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 increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64% over this period.

Are there any years without recorded guideline values for Pettai Ist Street?

Yes, there are no recorded figures for Pettai Ist Street in the years 2002, 2003, 2007, and 2012.

What are the other streets in Anakaputhur with the same guideline value?

Other streets in Anakaputhur with a guideline value of Rs 1,760 per sq.ft in 2024 include Pettai Street, Pettai Street Lane, Pillayar Koil Street, Periya Street, and Pilliyar Koil Ist Lane.

How is stamp duty calculated for properties in Pettai Ist Street?

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