Guideline Value for Punitha Anthoniar 5th Street

Punitha Anthoniar 5th Street guideline value

The current guideline value of Punitha Anthoniar 5th Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village, under the jurisdiction of the Redhills SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Punitha Anthoniar 5th Street has changed

The guideline value for Punitha Anthoniar 5th Street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, this value dropped to Rs 1,474 per sq.ft in 2017. The 2023 revision set the value at Rs 2,200 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,420 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 10% rise. Notably, the increase from 2007 to 2024 is a substantial 505%, showcasing the significant changes in the guideline value over the years.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, placing Punitha Anthoniar 5th Street above this median value.

• Punitha Anthoniar 4th Street: Rs 2,420 per sq.ft (2024)
• Punitha Anthoniar Main Street: Rs 2,420 per sq.ft (2024)
• Punitha Anthoniar 3rd Street: Rs 2,420 per sq.ft (2024)
• Punitha Anthoniar Road: Rs 2,420 per sq.ft (2024)
• Punitha Anthoniar 2nd Street: Rs 2,420 per sq.ft (2024)
• Punitha Anthoniar 1st Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Punitha Anthoniar 5th 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 at 7% would be Rs 1,69,400, while the registration fee at 2% would be Rs 48,400. Together, the total cost for these fees 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 on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Punitha Anthoniar 5th Street?

The Sub Registrar Office that covers Punitha Anthoniar 5th 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 process when buying or selling property in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must refer to the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which are charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Punitha Anthoniar 5th Street?

The current guideline value of Punitha Anthoniar 5th 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 significantly from Rs 400 per sq.ft in 2007 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 505%.

What is the median guideline value for streets in Puzhal?

The median guideline value for the 270 streets in Puzhal is Rs 1,102 per sq.ft, with Punitha Anthoniar 5th Street being above this median value.

What are the stamp duty and registration fees for property in Punitha Anthoniar 5th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 24,20,000, leading to a stamp duty of Rs 1,69,400 and a registration fee of Rs 48,400, totaling Rs 2,17,800.

Which office handles registrations for Punitha Anthoniar 5th Street?

The Redhills Sub Registrar Office handles registrations for Punitha Anthoniar 5th Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.