Guideline Value for Puratchi Thalaivi Nagar 10th Street

Puratchi Thalaivi Nagar 10th Street guideline value

The current guideline value of Puratchi Thalaivi Nagar 10th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class V Type - III.

How the guideline value of Puratchi Thalaivi Nagar 10th Street has changed

The guideline value for Puratchi Thalaivi Nagar 10th Street has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 229 per sq.ft. This value increased significantly to Rs 1,000 per sq.ft in 2007, marking a change of +337%. The value then rose to Rs 1,500 per sq.ft in 2012, which was a +50% increase. However, in 2017, it dropped to Rs 1,005 per sq.ft, reflecting a decrease of -33%. The value saw a substantial rise to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,700 per sq.ft in 2024, translating to a +13% change.

Overall, from 2003 to 2024, the guideline value has increased by +642%. The register does not have figures for the year 2002 for this street.

Guideline values in Kottivakkam

In Kottivakkam, there are a total of 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Puratchi Thalaivi Nagar 10th Street is below this median.

• Puratchi Thalaivi Nagar 11th Street: Rs 1,700 per sq.ft (2024)
• Puratchi Thalaivi Nagar 1st Street: Rs 1,700 per sq.ft (2024)
• Puratchi Thalaivi Nagar 2nd Street: Rs 1,700 per sq.ft (2024)
• Puratchi Thalaivi Nagar 3rd Street: Rs 1,700 per sq.ft (2024)
• Puratchi Thalaivi Nagar 4th Street: Rs 1,700 per sq.ft (2024)
• Puratchi Thalaivi Nagar 5th Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Puratchi Thalaivi Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Puratchi Thalaivi Nagar 10th Street?

The Sub Registrar Office that covers Puratchi Thalaivi Nagar 10th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kottivakkam. It is used to determine the stamp duty and registration fees applicable during the property transaction. Buyers should be aware that the guideline value is the minimum value considered by the registration authorities for calculating these fees.

When a property is being sold, the sale price is compared to the guideline value. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction complies with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Puratchi Thalaivi Nagar 10th Street?

The current guideline value of Puratchi Thalaivi Nagar 10th Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 229 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of +642% over the years.

What is the land classification of Puratchi Thalaivi Nagar 10th Street?

Puratchi Thalaivi Nagar 10th Street is classified as Residential Class V Type - III.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for precise calculations.