Guideline Value for Purushothaman Nagar

Purushothaman Nagar guideline value

The current guideline value of Purushothaman Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Periyapanancheri village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Purushothaman Nagar has changed

The guideline value for Purushothaman Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The most recent revision in 2024 saw a further increase to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value rose by 49%, and overall, from 2017 to 2024, it has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Periyapanancheri

In Periyapanancheri village, there are 33 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 990 to Rs 4,925 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, making Purushothaman Nagar's 2024 figure of Rs 1,650 per sq.ft above the median.

• Purushothaman Nagar Phase II: Rs 1,650 per sq.ft (2024)
• Ram Nagar: Rs 1,320 per sq.ft (2024)
• Rukmani Street: Rs 1,320 per sq.ft (2024)
• N.S.K.Street: Rs 990 per sq.ft (2024)
• Sree Ambal Nagar: Rs 1,650 per sq.ft (2024)
• Mani Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Purushothaman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Purushothaman Nagar?

The Sub Registrar Office that covers Purushothaman Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Periyapanancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value as it affects the overall cost of the transaction. It is important 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 Purushothaman Nagar?

The current guideline value of Purushothaman Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, which is an overall increase of 64% over this period.

What is the median guideline value in Periyapanancheri?

The median guideline value for the streets in Periyapanancheri is Rs 1,320 per sq.ft, with Purushothaman Nagar's value being above this median.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Purushothaman Nagar located?

The Sub Registrar Office for Purushothaman Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.