Guideline Value for Puratchi Mani Street

Puratchi Mani Street guideline value

The current guideline value of Puratchi Mani Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Puratchi Mani Street has changed

The guideline value for Puratchi Mani Street has seen significant changes over the years. In 2003, the guideline value was Rs 156 per sq.ft, which increased to Rs 300 per sq.ft in 2007. By 2017, the value rose sharply to Rs 1,072 per sq.ft, marking a 257% increase from 2007. The 2023 revision set the value at Rs 1,600 per sq.ft, reflecting a 49% increase from 2017. The most recent 2024 revision has further increased the guideline value to Rs 1,760 per sq.ft, a 10% rise from 2023.

It is important to note that the register has no figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,028%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Puratchi Mani Street's 2024 figure below that median.

• PuthuThambi Nagar: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji 2nd Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji 3rd Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji Ist Street: Rs 1,760 per sq.ft (2024)
• Quaidhai Millath Nagar: Rs 2,350 per sq.ft (2024)
• RAGAVENDIRA SALAI 1st CROSS STREET: Rs 4,640 per sq.ft (2024)

Stamp duty and registration fee for property in Puratchi Mani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, resulting in a total of Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puratchi Mani Street?

The Sub Registrar Office that covers Puratchi Mani Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty, which is a mandatory cost that buyers need to consider when finalizing their property transactions.

Frequently asked questions

What is the current guideline value of Puratchi Mani Street?

The current guideline value of Puratchi Mani Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 156 per sq.ft to Rs 1,760 per sq.ft in 2024, reflecting a total increase of 1,028% over this period.

What is the land classification of Puratchi Mani Street?

Puratchi Mani Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Puratchi Mani Street?

The Sub Registrar Office for Puratchi Mani Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated in Anakaputhur?

Stamp duty and registration fees in Anakaputhur are calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are collected during property transactions.