Guideline Value for Punitha Chinnappar Street

Punitha Chinnappar Street guideline value

The current guideline value of Punitha Chinnappar Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - III.

How the guideline value of Punitha Chinnappar Street has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 600 per sq.ft. The 2024 revision also maintains this figure, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for Punitha Chinnappar Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained 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 value is Rs 600 per sq.ft, which is equal to the guideline value of Punitha Chinnappar Street.

• Punitha Anthoniar 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 Chinnappar Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value is 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, totaling Rs 54,000. 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 Chinnappar Street?

The Sub Registrar Office covering Punitha Chinnappar 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 information.

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

The guideline value is a crucial factor when registering property transactions in Molachoor. It determines the minimum value at which a property can be sold and is used to calculate the stamp duty and registration fees applicable on the transaction.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Punitha Chinnappar Street?

The current guideline value of Punitha Chinnappar 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, then back to Rs 600 per sq.ft in 2023 and 2024, with no figures for the years 2002, 2003, and 2007.

What is the land classification for Punitha Chinnappar Street?

Punitha Chinnappar Street is classified as Residential Special Type - III, indicating its intended use for residential purposes.

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

Other streets in Molachoor with a guideline value of Rs 600 per sq.ft include Punitha Anthoniar Street, Punitha Mikkal Street, Punitha Royappar Street, Punitha Saveriyar Street, and Punitha Susaiappar Street.

Where can I find the registration office for properties in Molachoor?

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