Guideline Value for Punitha Valanar Street

Punitha Valanar Street guideline value

The current guideline value of Punitha Valanar Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur village under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Punitha Valanar Street has changed

Looking at the revisions, the guideline value for Punitha Valanar Street was Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating no change. In the 2017 revision, the value was Rs 268 per sq.ft, which shows a significant increase of 49% to reach the 2023 figure. The 2012 revision also recorded a value of Rs 400 per sq.ft, illustrating a decrease of 33% from the previous 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 400 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft. The median value across these streets is Rs 500 per sq.ft, placing Punitha Valanar Street's 2024 figure below that median.

• Radha Garden: Rs 2,400 per sq.ft (2024)
• Prime City: Rs 670 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)
• Rajaveethi: Rs 250 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Ramakka Chathiram: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in Punitha Valanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Punitha Valanar Street?

The Sub Registrar Office that covers Punitha Valanar 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 Santhavellur

The guideline value is a crucial reference point when buying or selling property in Santhavellur. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately in the government registry.

When a property is sold, the guideline value is used to compute the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Punitha Valanar Street?

The current guideline value of Punitha Valanar Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024. The 2017 revision saw a value of Rs 268 per sq.ft, which increased by 49% to Rs 400 per sq.ft in 2023.

What are the other guideline values in Santhavellur?

Other streets in Santhavellur have varying guideline values, ranging from Rs 200 to Rs 2,800 per sq.ft, with a median of Rs 500 per sq.ft. Punitha Valanar Street's value is below this median.

What are the stamp duty and registration fees for properties in Punitha Valanar Street?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Punitha Valanar Street located?

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