Guideline Value for Puthther street

Puthther street guideline value

The current guideline value of Puthther street is Rs 1,100 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 II Type - II.

How the guideline value of Puthther street has changed

The guideline value for Puthther street has undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This value remained unchanged until the next revision in 2017, where it decreased to Rs 670 per sq.ft. Following this, the 2023 revision saw a significant increase to Rs 1,000 per sq.ft, and then in 2024, it was revised again to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for Puthther street for the years 2002, 2003, and 2007.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 1,650 per sq.ft. Puthther street's guideline value of Rs 1,100 per sq.ft is below this median.

• Purushothama Street: Rs 1,650 per sq.ft (2024)
• Queen Elizabeth Street: Rs 1,100 per sq.ft (2024)
• Purushothama Ist Street: Rs 1,650 per sq.ft (2024)
• Purushothama 2nd Street: Rs 1,650 per sq.ft (2024)
• Purananuru Street: Rs 1,650 per sq.ft (2024)
• Radha Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Puthther street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puthther street?

Puthther street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value is a crucial factor when registering property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees payable at the time of registration. It is important for buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Puthther street?

The current guideline value of Puthther street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Puthther street has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Puthther street?

Puthther street is classified as Residential Class II Type - II under the current regulations.

Where can I find the Sub Registrar Office for Puthther street?

The Tambaram Joint 1 Sub Registrar Office, which covers Puthther street, is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for property in Puthther street?

Stamp duty for property in Puthther street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft would incur a total stamp duty of Rs 77,000.