Guideline Value for Punitha Anthoniar 2nd Street

Punitha Anthoniar 2nd Street guideline value

The current guideline value of Punitha Anthoniar 2nd Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village, under the Redhills SRO, and is classified as Residential Special Type - I.

How the guideline value of Punitha Anthoniar 2nd Street has changed

The guideline value for Punitha Anthoniar 2nd Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 400 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking a rise of 450%. However, the value decreased to Rs 1,474 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision set the value at Rs 2,200 per sq.ft, and the most recent revision in 2024 has raised it to Rs 2,420 per sq.ft, an increase of 10%.

Overall, from the 2007 figure of Rs 400 per sq.ft to the current 2024 figure of Rs 2,420 per sq.ft, there has been an impressive increase of 505%. It is important to note that there are no recorded figures for Punitha Anthoniar 2nd Street in the years 2002 and 2003.

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 value in this area is Rs 1,102 per sq.ft, placing Punitha Anthoniar 2nd Street's 2024 figure above this median.

• Punitha Anthoniar 1st 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 2nd Street

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

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

Which Sub Registrar Office covers Punitha Anthoniar 2nd Street?

The Sub Registrar Office that covers Punitha Anthoniar 2nd 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Puzhal. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. This ensures that the government collects the appropriate taxes based on the value of the property being transferred.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and consistent across different transactions.

Frequently asked questions

What is the current guideline value of Punitha Anthoniar 2nd Street?

The current guideline value of Punitha Anthoniar 2nd 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 seen several revisions, starting from Rs 400 per sq.ft in 2007, rising to Rs 2,200 in 2012, dropping to Rs 1,474 in 2017, and then increasing to Rs 2,200 in 2023, before reaching Rs 2,420 in 2024.

What is the land classification for Punitha Anthoniar 2nd Street?

Punitha Anthoniar 2nd Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for properties in this area?

The registration office for properties in Punitha Anthoniar 2nd Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Puzhal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value or sale price.