Guideline Value for Purananuru Street

Purananuru Street guideline value

The current guideline value of Purananuru Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Purananuru Street has changed

The guideline value for Purananuru Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then further to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change has been a 10% increase. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Purananuru Street.

• Purushothama 2nd Street: Rs 1,650 per sq.ft (2024)
• Purushothama Ist Street: Rs 1,650 per sq.ft (2024)
• Purushothama Street: Rs 1,650 per sq.ft (2024)
• Pugalendhi Street: Rs 2,750 per sq.ft (2024)
• Puthther street: Rs 1,100 per sq.ft (2024)
• Queen Elizabeth Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Purananuru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees together Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Purananuru Street?

Purananuru Street falls under the Tambaram Joint 1 Sub Registrar Office located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you register a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate fees based on the property's value as recognized in the official register.

Frequently asked questions

What is the current guideline value of Purananuru Street?

The current guideline value of Purananuru Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Purananuru Street?

Purananuru Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the registration office for Purananuru Street?

The registration office for Purananuru Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Purananuru Street?

Stamp duty for properties in Purananuru Street is calculated based on the higher of the guideline value or the sale price. The current rate is 7% of the guideline value.