Guideline Value for Punitha Androse Street

Punitha Androse Street guideline value

The current guideline value of Punitha Androse Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Punitha Androse Street has changed

The guideline value of Punitha Androse Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,541 per sq.ft. However, the value increased to Rs 2,300 per sq.ft in 2012, and then rose significantly by 49% to Rs 2,300 per sq.ft in 2023.

With the latest revision in 2024, the guideline value increased by 9% to Rs 2,500 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value is Rs 2,500 per sq.ft, which is equal to the current guideline value of Punitha Androse Street.

• Pugalendi Street: Rs 2,500 per sq.ft (2024)
• Pugalendhi Street (Vivekananda Nagar): Rs 2,500 per sq.ft (2024)
• Pugalendhi Street (Krishnamoorthy Nagar): Rs 2,500 per sq.ft (2024)
• Poondi Madha Street: Rs 2,500 per sq.ft (2024)
• P. Jeevanandam Street: Rs 2,500 per sq.ft (2024)
• Rajavelu Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Punitha Androse Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Punitha Androse Street?

The Sub Registrar Office that covers Punitha Androse Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Erukancherry. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Punitha Androse Street?

The current guideline value of Punitha Androse Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,500 per sq.ft in 2024, an increase of 9%. It was Rs 1,541 per sq.ft in 2017 and Rs 2,300 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification of Punitha Androse Street?

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

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Punitha Androse Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Erukancherry?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 at the rate of 7%.