Guideline Value for Punitha Royappar Street

Punitha Royappar Street guideline value

The current guideline value of Punitha Royappar Street is Rs 600 per sq.ft. 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 Royappar Street has changed

The guideline value for Punitha Royappar Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This remained unchanged in the 2017 revision, where it was also Rs 600 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to Rs 600 per sq.ft. The 2024 revision, effective from 1 July 2024, maintains this value at Rs 600 per sq.ft, representing a 0% change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Punitha Royappar Street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 600 per sq.ft.

Guideline values in Molachoor

In Molachoor village, 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, with the median being Rs 600 per sq.ft. Punitha Royappar Street's 2024 figure aligns with this median.

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

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

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Punitha Royappar Street?

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

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees. This ensures that all transactions are fairly assessed based on the established values for different areas, including Punitha Royappar Street.

Frequently asked questions

What is the current guideline value of Punitha Royappar Street?

The current guideline value of Punitha Royappar 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 remained at Rs 600 per sq.ft from 2012 to 2024, with a significant increase of 49% from 2017 to 2023. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Punitha Royappar Street?

Punitha Royappar Street is classified as Residential Special Type - III. This classification is important for understanding the types of developments that can occur in the area.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be 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.

Where can I find the Sub Registrar Office for Punitha Royappar Street?

The Sub Registrar Office for Punitha Royappar Street is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more information by visiting the find your SRO link.