Guideline Value for Purushothama Ist Street

Purushothama Ist Street guideline value

The current guideline value of Purushothama Ist Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Purushothama Ist Street has changed

Over the years, the guideline value of Purushothama Ist Street has seen several revisions. The 2012 revision recorded a guideline value of Rs 1,500 per sq.ft, which changed to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision has set it at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is an increase of 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which aligns with the guideline value of Purushothama Ist Street.

• Purushothama 2nd Street: Rs 1,650 per sq.ft (2024)
• Purananuru Street: Rs 1,650 per sq.ft (2024)
• Purushothama Street: Rs 1,650 per sq.ft (2024)
• Puthther street: Rs 1,100 per sq.ft (2024)
• Pugalendhi Street: Rs 2,750 per sq.ft (2024)
• Queen Elizabeth Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Purushothama Ist Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Purushothama Ist Street?

The Sub Registrar Office that covers Purushothama Ist Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. It is essential 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 Purushothama Ist Street?

The current guideline value of Purushothama Ist Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Purushothama Ist Street?

The Tambaram Joint 1 Sub Registrar Office covers Purushothama Ist Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of Purushothama Ist Street?

Purushothama Ist Street is classified as Residential Class I Type - III.