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. This street is located in Santhavellur_B village and falls under the Sunguvarchattram SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Punitha Valanar Street has changed

The guideline value for Punitha Valanar Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 400 per sq.ft, which remains unchanged from the 2023 revision. Prior to this, in 2017, the guideline value was Rs 268 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only relevant revisions are from 2017, 2023, and 2024, with the current rate reflecting a stable value since 2023.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, which aligns with the current guideline value of Punitha Valanar Street.

• Pillaiyar Kovil Street: Rs 850 per sq.ft (2024)
• Rajaveethi: Rs 250 per sq.ft (2024)
• Perumal Kovil Street: Rs 850 per sq.ft (2024)
• Ramakka Chathiram: Rs 300 per sq.ft (2024)
• Pallikooda Street: Rs 300 per sq.ft (2024)
• Samten: Rs 501 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, totaling Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

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

The guideline value is a crucial factor in property transactions in Santhavellur_B, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees payable during the transaction.

When a property is sold, the registration office uses the guideline value to assess the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions based on the established guideline values.

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?

Since 2017, the guideline value has increased from Rs 268 per sq.ft to Rs 400 per sq.ft in 2024, reflecting a 49% increase over this period. There have been no changes in the guideline value from 2023 to 2024.

What other streets have guideline values in Santhavellur_B?

Other streets in Santhavellur_B include Pillaiyar Kovil Street at Rs 850 per sq.ft, Rajaveethi at Rs 250 per sq.ft, and Perumal Kovil Street at Rs 850 per sq.ft, among others. The guideline values for these streets vary significantly within the range of Rs 200 to Rs 2,000 per sq.ft.

What fees are associated with buying property in Punitha Valanar Street?

When buying property in Punitha Valanar Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 36,000 based on the current guideline value.

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

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. You can find more information by visiting the SRO locator.