Guideline Value for Purushothaman Avenue

Purushothaman Avenue guideline value

The current guideline value of Purushothaman Avenue is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Thodukadu village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Purushothaman Avenue has changed

The guideline value for Purushothaman Avenue has seen several revisions over the years. The earliest recorded revision was in 2012, when the guideline value was Rs 300 per sq.ft. In 2017, this value decreased to Rs 201 per sq.ft, marking a decline of 33%. However, by 2023, the value increased significantly to Rs 300 per sq.ft, reflecting a 49% rise from the 2017 figure. The 2024 revision maintains the same value of Rs 300 per sq.ft as in 2023, indicating no change.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Therefore, the most recent revisions are the 2012, 2017, 2023, and 2024 figures.

Guideline values in Thodukadu

In Thodukadu village, there are 24 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,250 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Purushothaman Avenue's 2024 figure below this median.

• Pari Nagar: Rs 300 per sq.ft (2024)
• Parangusapuram: Rs 300 per sq.ft (2024)
• PalliKooda theru: Rs 500 per sq.ft (2024)
• Om Nagar - IV: Rs 400 per sq.ft (2024)
• Om Nagar - III: Rs 400 per sq.ft (2024)
• Om Nagar - II: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Purushothaman Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Purushothaman Avenue?

The Sub Registrar Office that covers Purushothaman Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Thodukadu. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the registration department and can affect the overall cost of the transaction.

When selling property, the guideline value can also influence the sale price, as it provides a benchmark for both buyers and sellers. Buyers should be aware of the guideline value to ensure they are making informed decisions during the property transaction process.

Frequently asked questions

What is the current guideline value of Purushothaman Avenue?

The current guideline value of Purushothaman Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Purushothaman Avenue has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017, and an increase back to Rs 300 per sq.ft in 2023.

What are the other streets in Thodukadu with their guideline values?

Other streets in Thodukadu include Pari Nagar and Parangusapuram, both at Rs 300 per sq.ft, as well as PalliKooda theru at Rs 500 per sq.ft, and several streets in Om Nagar at Rs 400 per sq.ft.

What fees are associated with purchasing property in Purushothaman Avenue?

When purchasing property in Purushothaman Avenue, buyers need to consider the stamp duty of 7% and a registration fee of 2%, based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Purushothaman Avenue?

The Sub Registrar Office for Purushothaman Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.