Guideline Value for Pinjukutti Street

Pinjukutti Street guideline value

The current guideline value of Pinjukutti Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pinjukutti Street has changed

The guideline value for Pinjukutti Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 147 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a change of +580%. However, this value decreased to Rs 670 per sq.ft in the 2017 revision, a drop of -33%. From 2017 to 2023, the value rose to Rs 1,000 per sq.ft, reflecting an increase of +49%. The most recent revision in 2024 maintained the value at Rs 1,000 per sq.ft, resulting in a change of +0% from the previous year.

It is important to note that there are no figures available for Pinjukutti Street in the 2002 and 2003 revisions.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, placing Pinjukutti Street's 2024 figure above that median.

• Pirabu Avenue: Rs 900 per sq.ft (2024)
• Periya Sengundhar Koil Street: Rs 1,200 per sq.ft (2024)
• Periya Narasambetai Street: Rs 1,500 per sq.ft (2024)
• Pazhaiya Hospital Street: Rs 1,000 per sq.ft (2024)
• Pavodum Thoppu Theru: Rs 1,000 per sq.ft (2024)
• Pattangulam: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Pinjukutti Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Pinjukutti Street?

Pinjukutti Street falls under the jurisdiction of the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Uthiramerur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for any property sale or purchase.

When you buy or sell property, the guideline value helps determine the official value of the transaction, ensuring that the appropriate taxes are collected. It is essential to be aware of the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pinjukutti Street?

The current guideline value of Pinjukutti Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 147 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023 and remained the same in 2024.

What are the stamp duty and registration fees for property in Pinjukutti Street?

For a property with a guideline value of Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Pinjukutti Street?

The Uthiramerur Sub Registrar Office covers Pinjukutti Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

What is the land classification of Pinjukutti Street?

Pinjukutti Street is classified as Residential Class I Type - I, indicating its suitability for residential development.