Guideline Value for Punitha Anthoniar 1st Street

Punitha Anthoniar 1st Street guideline value

The current guideline value of Punitha Anthoniar 1st Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village and falls under the Redhills SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Punitha Anthoniar 1st Street has changed

The guideline value for Punitha Anthoniar 1st Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, it then dropped to Rs 1,474 per sq.ft in 2017. The value rose again to Rs 2,200 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,420 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, there was an increase of 267%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 10%. Overall, from 2007 to 2024, the guideline value has increased by 303%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, making the 2024 figure for Punitha Anthoniar 1st Street above this median.

• Punitha Anthoniar 2nd Street: Rs 2,420 per sq.ft (2024)
• Punitha Anthoniar 3rd Street: Rs 2,420 per sq.ft (2024)
• Punitha Anthoniar 4th Street: Rs 2,420 per sq.ft (2024)
• Punitha Anthoniar 5th Street: Rs 2,420 per sq.ft (2024)
• Punitha Anthoniar Main Street: Rs 2,420 per sq.ft (2024)
• Punitha Anthoniar Road: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Punitha Anthoniar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, making the total amount for these fees Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Punitha Anthoniar 1st Street?

The Sub Registrar Office that covers Punitha Anthoniar 1st Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers adhere to the legal requirements set by the government.

When a property is sold, the guideline value helps in assessing the official value of the property, which is necessary for the registration process. This ensures transparency and fairness in property transactions, as it reflects the prevailing market conditions as per the government’s assessment.

Frequently asked questions

What is the current guideline value of Punitha Anthoniar 1st Street?

The current guideline value of Punitha Anthoniar 1st Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 303% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400, and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which office handles the registration for Punitha Anthoniar 1st Street?

The registration for Punitha Anthoniar 1st Street is handled by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Punitha Anthoniar 1st Street?

The land classification for Punitha Anthoniar 1st Street is Residential Special Type - I, indicating its designated use for residential purposes.