Guideline Value for Purananooru Street

Purananooru Street guideline value

The current guideline value of Purananooru Street in Rajakilpakkam village is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Class II Type - II.

How the guideline value of Purananooru Street has changed

The guideline value for Purananooru Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024, reflecting an 8% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has seen an increase of 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, placing Purananooru Street's 2024 figure below this median.

• Puthukoil Street: Rs 850 per sq.ft (2024)
• P.T.C. Colony 5th Street: Rs 1,900 per sq.ft (2024)
• Radeshyam Avenue: Rs 2,400 per sq.ft (2024)
• P.T.C. Colony 4th Street: Rs 1,900 per sq.ft (2024)
• P.T.C. Colony 3rd Street: Rs 1,900 per sq.ft (2024)
• P.T.C. Colony 2nd Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Purananooru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, leading to a total of Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Purananooru Street?

The Sub Registrar Office that covers Purananooru Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Rajakilpakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value for which the property can be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Purananooru Street?

The current guideline value of Purananooru Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent increase from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 8%.

What is the median guideline value in Rajakilpakkam?

The median guideline value for streets in Rajakilpakkam is Rs 2,150 per sq.ft, with Purananooru Street's 2024 figure being below this median.

What are the stamp duty and registration fees for Purananooru Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000 based on the current guideline value.

Which office handles property registrations for Purananooru Street?

The Selaiyur Sub Registrar Office handles property registrations for Purananooru Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.