Guideline Value for Puthu Nagar (New nagar)Ist Street

Puthu Nagar (New nagar)Ist Street guideline value

The current guideline value for Puthu Nagar (New nagar)Ist Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Puthu Nagar (New nagar)Ist Street has changed

The guideline value for Puthu Nagar (New nagar)Ist Street has seen several revisions over the years. The earliest recorded value was Rs 1,000 per sq.ft in 2007, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it then dropped to Rs 3,015 per sq.ft in 2017. The value rose again to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 4,900 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

From the 2017 revision to 2023, there was a substantial increase of 49%. The value then rose by 9% from 2023 to 2024. Notably, the overall increase from the 2007 revision to the current value in 2024 stands at an impressive 390%.

Guideline values in Ayanavaram

Ayanavaram features a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is equal to the current value of Puthu Nagar (New nagar)Ist Street.

• Puthu Nagar (New nagar)2nd Street & 3 Street: Rs 4,900 per sq.ft (2024)
• Punitha Sagaya Madha Street, 27th Street, G.K.M.Colony: Rs 4,400 per sq.ft (2024)
• Punitha Antoniyar Street, Chennai 82: Rs 4,900 per sq.ft (2024)
• Railway Colony: Rs 4,400 per sq.ft (2024)
• Raja BoothStreet, Chennai 82: Rs 4,400 per sq.ft (2024)
• Poosanam Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Puthu Nagar (New nagar)Ist Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty, calculated at 7%, would be Rs 3,43,000, while the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Puthu Nagar (New nagar)Ist Street?

The Sub Registrar Office that covers Puthu Nagar (New nagar)Ist Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty, which is charged based on the higher of the guideline value or the actual sale price. This ensures that all transactions are fairly assessed and that the state revenue is protected.

Frequently asked questions

What is the current guideline value for Puthu Nagar (New nagar)Ist Street?

The current guideline value for Puthu Nagar (New nagar)Ist Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 390% over the years.

Where can I find the registration office for Puthu Nagar (New nagar)Ist Street?

The registration office for Puthu Nagar (New nagar)Ist Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the stamp duty rate applicable for properties in Puthu Nagar (New nagar)Ist Street?

The stamp duty rate applicable for properties in Puthu Nagar (New nagar)Ist Street is 7% of the guideline value or the sale price, whichever is higher.

How many streets are there in Ayanavaram under the AnnaNagar SRO?

There are a total of 369 streets in Ayanavaram under the AnnaNagar SRO, each with varying guideline values.