Guideline Value

Corporate

Guideline Value for Punitha Anthoniar Main Street

₹2420/sq.ft.

The guideline value for Punitha Anthoniar Main Street in Puzhal village (Redhills SRO, Chennai zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Punitha Anthoniar Main Street

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Punitha Anthoniar Main Street guideline value

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

How the guideline value of Punitha Anthoniar Main Street has changed

The guideline value for Punitha Anthoniar Main Street has experienced 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, it then decreased to Rs 1,474 per sq.ft in 2017. The value saw a substantial rise to Rs 2,200 per sq.ft in 2023, and most recently, it has increased to Rs 2,420 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%, followed by a 10% rise from 2023 to 2024. The value saw a drastic change of +450% from 2007 to 2012 and an overall increase of 505% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. Punitha Anthoniar Main Street's 2024 guideline value of Rs 2,420 per sq.ft is above this median.

Stamp duty and registration fee for property in Punitha Anthoniar Main 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 amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. 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 details.

Which Sub Registrar Office covers Punitha Anthoniar Main Street?

The Sub Registrar Office that covers Punitha Anthoniar Main 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 further assistance.

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

The guideline value is a crucial factor during property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees applicable when registering a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Punitha Anthoniar Main Street?

The current guideline value of Punitha Anthoniar Main 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 various revisions, starting from Rs 400 per sq.ft in 2007 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 505% from 2007 to 2024.

What is the land classification for Punitha Anthoniar Main Street?

Punitha Anthoniar Main Street is classified under Residential Special Type - I, which indicates its designated use for residential purposes.

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

The Sub Registrar Office for Punitha Anthoniar Main 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,20,000, the stamp duty would be calculated at 7% of this amount.