Guideline Value for Puratchi Thalaivi Nagar 6th Street

Puratchi Thalaivi Nagar 6th Street guideline value

The current guideline value of Puratchi Thalaivi Nagar 6th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Puratchi Thalaivi Nagar 6th Street has changed

The guideline value for Puratchi Thalaivi Nagar 6th Street has seen several revisions over the years. Starting from Rs 229 per sq.ft in 2003, it increased to Rs 1,000 per sq.ft in 2007, then to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017. The value then rose significantly to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,700 per sq.ft from the 2024 revision. Notably, there is no figure available for the year 2002 in the register for this street.

Between the revisions, the changes were as follows: from 2003 to 2007, there was a substantial increase of 337%. The value then rose by 50% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was a 13% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has risen by 642%.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Puratchi Thalaivi Nagar 6th Street's 2024 figure below that median.

• Puratchi Thalaivi Nagar 5th Street: Rs 1,700 per sq.ft (2024)
• Puratchi Thalaivi Nagar 7th Street: Rs 1,700 per sq.ft (2024)
• Puratchi Thalaivi Nagar 4th Street: Rs 1,700 per sq.ft (2024)
• Puratchi Thalaivi Nagar 8th Street: Rs 1,700 per sq.ft (2024)
• Puratchi Thalaivi Nagar 3rd Street: Rs 1,700 per sq.ft (2024)
• Puratchi Thalaivi Nagar 9th Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Puratchi Thalaivi Nagar 6th 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, making the total charges Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or 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 6th Street?

The Sub Registrar Office that covers Puratchi Thalaivi Nagar 6th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kottivakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Puratchi Thalaivi Nagar 6th Street?

The current guideline value of Puratchi Thalaivi Nagar 6th 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, reflecting an overall increase of 642% over the years.

What is the land classification for Puratchi Thalaivi Nagar 6th Street?

The land classification for Puratchi Thalaivi Nagar 6th Street is Residential Class V Type - III.

What are the other streets in Kottivakkam with the same guideline value?

Other streets in Kottivakkam, such as Puratchi Thalaivi Nagar 5th Street, 7th Street, 4th Street, 8th Street, 3rd Street, and 9th Street, all have a guideline value of Rs 1,700 per sq.ft as of 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000. The duty is charged on the higher of the guideline value or the sale price.