Guideline Value for Punitha Therasa Street

Punitha Therasa Street guideline value

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

How the guideline value of Punitha Therasa Street has changed

The guideline value for Punitha Therasa Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision, where it was reduced to Rs 402 per sq.ft. In the 2023 revision, the value returned to Rs 600 per sq.ft, and there was no change in the 2024 revision, maintaining the value at Rs 600 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, comparing the values from 2012 to 2024, there has been no change, with the current value remaining at Rs 600 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is the same as the guideline value for Punitha Therasa Street.

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

Stamp duty and registration fee for property in Punitha Therasa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to 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, bringing the total cost 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 Therasa Street?

Punitha Therasa Street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Molachoor. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is sold, the guideline value serves as a reference point for both buyers and sellers. It is essential to consider this value, as it can affect the overall cost of the transaction, including the applicable taxes and fees.

Frequently asked questions

What is the current guideline value of Punitha Therasa Street?

The current guideline value of Punitha Therasa 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 since 2012, with a reduction to Rs 402 per sq.ft in 2017, followed by a return to Rs 600 per sq.ft in 2023 and 2024.

What is the land classification for Punitha Therasa Street?

The land classification for Punitha Therasa Street is Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 54,000, based on the guideline value of Rs 6,00,000.

Which office handles registrations for Punitha Therasa Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Punitha Therasa Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.