Guideline Value for Punitha SagayaMatha Street

Punitha SagayaMatha Street guideline value

The current guideline value of Punitha SagayaMatha Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village and falls under the Sunguvarchattram SRO, classified as Residential Special Type - I.

How the guideline value of Punitha SagayaMatha Street has changed

The guideline value for Punitha SagayaMatha Street has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, the guideline value increased by 49% to Rs 800 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is 0%, indicating stability in the guideline value over this period.

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, with a median value of Rs 600 per sq.ft. Punitha SagayaMatha Street's 2024 figure is above this median.

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

Stamp duty and registration fee for property in Punitha SagayaMatha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Punitha SagayaMatha Street?

The Sub Registrar Office that covers Punitha SagayaMatha 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 the provided link.

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

The guideline value plays a crucial role in the registration process of property transactions in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is considered to ensure that the fees are calculated based on an official valuation, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Punitha SagayaMatha Street?

The current guideline value of Punitha SagayaMatha Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft since 2012, with a significant increase of 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the land classification for Punitha SagayaMatha Street?

Punitha SagayaMatha Street is classified as Residential Special Type - I, indicating its suitability for residential development.

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

The registration office for Punitha SagayaMatha 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 8,00,000, the stamp duty would be Rs 56,000 at a rate of 7%.