Guideline Value for Punitha Anthoniar Street

Punitha Anthoniar Street guideline value

The current guideline value of Punitha Anthoniar Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Punitha Anthoniar Street has changed

The guideline value for Punitha Anthoniar Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. However, in the following 2017 revision, it decreased to Rs 402 per sq.ft, marking a decline of 33%. The value then increased significantly in the 2023 revision, returning to Rs 600 per sq.ft, and remained unchanged in the 2024 revision, showing a 0% change between these two years.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 600 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is equal to the current value of Punitha Anthoniar Street.

• Punitha Chinnappar Street: Rs 600 per sq.ft (2024)
• Punitha Mikkal Street: Rs 600 per sq.ft (2024)
• Punitha Royappar Street: Rs 600 per sq.ft (2024)
• Punitha SagayaMatha Street: Rs 800 per sq.ft (2024)
• Punitha Saveriyar Street: Rs 600 per sq.ft (2024)
• Punitha Susaiappar Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Punitha Anthoniar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 Street?

The Sub Registrar Office that covers Punitha Anthoniar Street is the Sunguvarchattram Sub Registrar Office, located at 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 Molachoor

The guideline value is a crucial factor in the registration process of property transactions in Molachoor. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the sale.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are conducted transparently and fairly, reflecting the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Punitha Anthoniar Street?

The current guideline value of Punitha Anthoniar Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, followed by a return to Rs 600 per sq.ft in 2023 and remaining unchanged in 2024.

What is the land classification for Punitha Anthoniar Street?

Punitha Anthoniar Street is classified as Residential Special Type - III, indicating its designation for residential use.

Where can I find the registration office for Punitha Anthoniar Street?

The registration office for Punitha Anthoniar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Molachoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be calculated at 7% of this amount.