Guideline Value for Punitha Saveriyar Street

Punitha Saveriyar Street guideline value

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

How the guideline value of Punitha Saveriyar Street has changed

Looking at the revisions, the guideline value for Punitha Saveriyar Street was Rs 600 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision set the value at Rs 402 per sq.ft, showing a significant increase of 49% when compared to the 2023 figure. The 2012 revision also had a value of Rs 600 per sq.ft, which indicates a decrease of 33% from the 2017 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 600 per sq.ft. It is important to note that there are no figures available for this street in the revisions of 2002, 2003, and 2007.

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. The median value is Rs 600 per sq.ft, which is equal to the 2024 figure for Punitha Saveriyar Street.

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

Stamp duty and registration fee for property in Punitha Saveriyar Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the 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. It is important to note that 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 details.

Which Sub Registrar Office covers Punitha Saveriyar Street?

The Sub Registrar Office that covers Punitha Saveriyar 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 plays a crucial role during the registration process of properties in Molachoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps to establish a fair price for the transaction, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Punitha Saveriyar Street?

The current guideline value of Punitha Saveriyar 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 in both the 2023 and 2024 revisions. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What is the land classification for Punitha Saveriyar Street?

The land classification for Punitha Saveriyar Street is Residential Special Type - III.

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

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

How is 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, a 1,000 sq.ft plot at Rs 600 per sq.ft would incur a total stamp duty and registration fee of Rs 54,000.