Guideline Value for Punitha Annal street

Punitha Annal street guideline value

The current guideline value for Punitha Annal street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Thirupanthiyoor village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Punitha Annal street has changed

Looking at the revisions, the guideline value for Punitha Annal street was Rs 350 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the value was Rs 234 per sq.ft, marking a 50% increase from 2017 to 2023. In the 2012 revision, the value was Rs 350 per sq.ft, which represents a decrease of 33% from the 2012 figure to the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 350 per sq.ft.

The register has no figure for Punitha Annal street for the years 2002, 2003, and 2007. In the 2012 revision, the value was Rs 350 per sq.ft, and it was Rs 234 per sq.ft in the 2017 revision.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 900 per sq.ft. The median guideline value is Rs 350 per sq.ft, which is equal to the current guideline value for Punitha Annal street.

• P.L Aerocity Phase - II: Rs 600 per sq.ft (2024)
• P.L.Aero City: Rs 600 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 400 per sq.ft (2024)
• Pazhaiyapannur Road: Rs 300 per sq.ft (2024)
• Royal City: Rs 700 per sq.ft (2024)
• Sagayamatha street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Punitha Annal street

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, while the registration fee at 2% would be Rs 7,000. Together, the total cost for stamp duty and registration would be Rs 31,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Punitha Annal street?

The Sub Registrar Office that covers Punitha Annal street is the Sunguvarchattram Sub Registrar Office. The address is Vadivamal Nagar Kandigai Road Caparo Company Opp, sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Thirupanthiyoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value based on the area's market conditions.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. These charges are based on the higher of the guideline value or the sale price, which is essential for both buyers and sellers to understand during the transaction process.

Frequently asked questions

What is the current guideline value of Punitha Annal street?

The current guideline value of Punitha Annal street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 350 per sq.ft in both 2023 and 2024. It was Rs 234 per sq.ft in 2017, and Rs 350 per sq.ft in 2012.

What is the land classification of Punitha Annal street?

Punitha Annal street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Punitha Annal street?

The Sub Registrar Office for Punitha Annal street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thirupanthiyoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a guideline value of Rs 3,50,000, the stamp duty would be calculated at 7% of that amount.