Guideline Value for Pttunool sardar Jung Street

Pttunool sardar Jung Street guideline value

The current guideline value of Pttunool sardar Jung Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet SRO, and is classified as Commercial Special Type - V.

How the guideline value of Pttunool sardar Jung Street has changed

The guideline value for Pttunool sardar Jung Street has undergone several revisions over the years. In 2007, the value was set at Rs 1,000 per sq.ft, which increased significantly to Rs 9,000 per sq.ft in 2012, marking an increase of 800%. However, it saw a decrease to Rs 6,030 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 9,000 per sq.ft in 2023, followed by a further increase to Rs 9,900 per sq.ft in 2024, representing a 10% rise.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, there has been a substantial increase of 890%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. Pttunool sardar Jung Street's 2024 guideline value is above this median.

• Pulainthope 5th lane: Rs 2,700 per sq.ft (2024)
• Pulianthope 1st cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 1st lane: Rs 2,700 per sq.ft (2024)
• Pulianthope 2nd cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 2nd lane: Rs 2,700 per sq.ft (2024)
• Pulianthope 3rd cross street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Pttunool sardar Jung Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. It is important to 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 details.

Which Sub Registrar Office covers Pttunool sardar Jung Street?

Pttunool sardar Jung Street falls under the jurisdiction of the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial reference point when buying or selling property in Vepery. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value can influence the overall cost of the transaction.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the registration department has a standard measure for property transactions in the area.

Frequently asked questions

What is the current guideline value of Pttunool sardar Jung Street?

The current guideline value of Pttunool sardar Jung Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 9,900 per sq.ft in 2024, representing an overall increase of 890%.

What is the land classification of Pttunool sardar Jung Street?

Pttunool sardar Jung Street is classified as Commercial Special Type - V.

Where can I find the Sub Registrar Office for Pttunool sardar Jung Street?

The Sub Registrar Office covering Pttunool sardar Jung Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Vepery?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 99,00,000, the stamp duty at 7% would be Rs 6,93,000.