Guideline Value for Punitha Anthoniyar Street

Punitha Anthoniyar Street guideline value

The current guideline value of Punitha Anthoniyar 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 Anthoniyar Street has changed

The guideline value for Punitha Anthoniyar Street has seen significant changes over the years. In 2002, the value was Rs 1,276 per sq.ft, which then decreased to Rs 129 per sq.ft in 2003. After that, it increased to Rs 400 per sq.ft in 2007, followed by a substantial rise to Rs 2,200 per sq.ft in 2012. However, it dropped to Rs 1,474 per sq.ft in 2017 before reaching Rs 2,200 per sq.ft again in 2023. The latest revision in 2024 set the value at Rs 2,420 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The period from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a notable 450%. The value rose by 210% from 2003 to 2007, but there was a significant drop of 90% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 90%.

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 Punitha Anthoniyar Street's 2024 figure above that median.

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

Stamp duty and registration fee for property in Punitha Anthoniyar 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, making the total cost for duty and registration 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Punitha Anthoniyar Street?

The Sub Registrar Office that covers Punitha Anthoniyar 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 an essential factor in the registration process when buying or selling property in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Punitha Anthoniyar Street?

The current guideline value of Punitha Anthoniyar 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 1,276 per sq.ft in 2002 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 90% over this period.

What are the other streets in Puzhal with the same guideline value?

Several other streets in Puzhal have the same guideline value of Rs 2,420 per sq.ft, including Punitha Anthoniar Road, Punitha Anthoniar Main Street, and others.

What are the stamp duty and registration fees for property in Punitha Anthoniyar Street?

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

Which Sub Registrar Office covers Punitha Anthoniyar Street?

The Redhills Sub Registrar Office covers Punitha Anthoniyar Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.