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_C village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - III.

How the guideline value of Punitha Valanar Street has changed

In the 2017 revision, the guideline value for Punitha Valanar Street was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 400 per sq.ft. The latest revision in 2024 continues this trend, maintaining the guideline value at Rs 400 per sq.ft, reflecting a 49% increase from the 2017 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The guideline value has seen no change from 2023 to 2024, remaining at Rs 400 per sq.ft.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median value among these streets is Rs 350 per sq.ft, placing Punitha Valanar Street's 2024 figure above that median.

• 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 300 per sq.ft (2024)
• Samten: Rs 1,000 per sq.ft (2024)
• New Andal Nagar: Rs 300 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 rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that 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, opposite Caparo Company, 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_C

The guideline value is a crucial factor in property transactions in Santhavellur_C, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices and preparing for registration.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023 and 2024, representing a 49% increase overall. There were no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the land classification of Punitha Valanar Street?

Punitha Valanar Street is classified as Residential Special Type - III, indicating its designated use for residential purposes.

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

For a property valued at Rs 4,00,000, the stamp duty is Rs 28,000 and the registration fee is Rs 8,000, totaling Rs 36,000. These fees are 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 located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.