Guideline Value for Puthar Street

Puthar Street guideline value

The current guideline value of Puthar Street in Konnur village, under the Konnur SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Puthar Street has changed

The guideline value for Puthar Street has undergone several revisions over the years. In 2002, the value was Rs 399 per sq.ft, which increased to Rs 433 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 800 per sq.ft in 2007, and then it jumped to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, before reaching the current rate of Rs 3,800 per sq.ft in 2024.

Between these revisions, there were notable changes. From 2002 to 2003, the increase was +9%. The jump from 2003 to 2007 was +85%, followed by a substantial rise of +338% from 2007 to 2012. The value then decreased by -33% from 2012 to 2017. After that, there was a +49% increase from 2017 to 2023, and finally, a +9% rise from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +852%.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 3,800 per sq.ft, which is the same as the current value for Puthar Street.

• Railway Station Road: Rs 7,100 per sq.ft (2024)
• Rajagobal Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar 2nd Street.: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar 3rd Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar 4th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Puthar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers Puthar Street?

The Sub Registrar Office that covers Puthar Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Konnur. It serves as the basis for calculating the stamp duty and registration fees that are required to be paid during the registration of property sales.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair rate, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Puthar Street?

The current guideline value of Puthar Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 399 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, with various increases and decreases across the revisions.

What is the land classification for Puthar Street?

Puthar Street falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for a property on Puthar Street?

For a 1,000 sq.ft plot, the total stamp duty is Rs 2,66,000, and the registration fee is Rs 76,000, totaling Rs 3,42,000 based on the current guideline value.

Which office handles registrations for properties in Konnur?

The Konnur Sub Registrar Office handles registrations for properties in Konnur, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.