Guideline Value for Puratchi Thalaivi Nagar 11th Street

Puratchi Thalaivi Nagar 11th Street guideline value

The current guideline value of Puratchi Thalaivi Nagar 11th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village and falls under the Adayar SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Puratchi Thalaivi Nagar 11th Street has changed

Over the years, the guideline value of Puratchi Thalaivi Nagar 11th Street has experienced several revisions. The earliest recorded figure is from 2003, which was Rs 229 per sq.ft. This figure saw a significant increase to Rs 1,000 per sq.ft in 2007, marking a change of +337%. In 2012, the value adjusted to Rs 1,500 per sq.ft, a decrease of -33%. The 2017 revision set the value at Rs 1,005 per sq.ft, followed by a substantial increase to Rs 1,500 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 1,700 per sq.ft, reflecting a change of +13% from the previous year.

In summary, the guideline value has risen from Rs 229 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, resulting in an overall increase of +642%. Notably, the register has no figure for the year 2002 for this street.

Guideline values in Kottivakkam

In Kottivakkam, there are 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. Puratchi Thalaivi Nagar 11th Street's guideline value of Rs 1,700 per sq.ft is below this median.

• Puratchi Thalaivi Nagar 10th 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 11th Street

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

Which Sub Registrar Office covers Puratchi Thalaivi Nagar 11th Street?

The Sub Registrar Office that covers Puratchi Thalaivi Nagar 11th 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 registering property transactions in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Puratchi Thalaivi Nagar 11th Street?

The current guideline value of Puratchi Thalaivi Nagar 11th 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 from Rs 229 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, with several revisions in between, including a notable increase of +642% overall.

Which Sub Registrar Office is responsible for Puratchi Thalaivi Nagar 11th Street?

The Adayar Sub Registrar Office is responsible for Puratchi Thalaivi Nagar 11th Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

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

For a property valued at Rs 17,00,000, the stamp duty is Rs 1,19,000 and the registration fee is Rs 34,000, totaling Rs 1,53,000.

What is the land classification for Puratchi Thalaivi Nagar 11th Street?

The land classification for Puratchi Thalaivi Nagar 11th Street is Residential Class V Type - III.