Guideline Value for Puroshthaman Nagar 3rd Street ext

Puroshthaman Nagar 3rd Street ext guideline value

The current guideline value of Puroshthaman Nagar 3rd Street ext is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kovur village and falls under the Kunrathur SRO. The land classification for this area is Mixed Special Type - III.

How the guideline value of Puroshthaman Nagar 3rd Street ext has changed

The guideline value for Puroshthaman Nagar 3rd Street ext has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,500 per sq.ft, which increased by 10% to Rs 2,750 per sq.ft in the 2024 revision.

This increase reflects a notable change in the guideline value over the last year. The figures from the 2024 revision indicate a growing valuation compared to the previous year, showcasing the current valuation at Rs 2,750 per sq.ft.

Guideline values in Kovur

Kovur village has a total of 91 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Puroshthaman Nagar 3rd Street ext above that median with its current value of Rs 2,750 per sq.ft.

• RadhaBai Nagar: Rs 1,650 per sq.ft (2024)
• Porur-Kundrathur Road: Rs 1,650 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 1,320 per sq.ft (2024)
• Perumal Koil Street: Rs 1,650 per sq.ft (2024)
• Royal Nagar: Rs 1,650 per sq.ft (2024)
• Rv Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Puroshthaman Nagar 3rd Street ext

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be Rs 2,47,500. 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 Puroshthaman Nagar 3rd Street ext?

The Sub Registrar Office that covers Puroshthaman Nagar 3rd Street ext is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovur. It serves as a benchmark for calculating the stamp duty and registration fees that are payable to the government during the registration of the property.

Frequently asked questions

What is the current guideline value of Puroshthaman Nagar 3rd Street ext?

The current guideline value of Puroshthaman Nagar 3rd Street ext is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Puroshthaman Nagar 3rd Street ext?

The land classification for Puroshthaman Nagar 3rd Street ext is Mixed Special Type - III.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Kovur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is typically charged at a rate of 7% of the guideline value.