Guideline Value for Puthu Street

Puthu Street guideline value

The current guideline value of Puthu Street in Kolathur village is Rs 200 per sq.ft, effective from the 2024 revision. This street falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Puthu Street has changed

The guideline value for Puthu Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, the value rebounded to Rs 200 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, showing a 49% increase from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for Puthu Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Puthu Street's 2024 figure below that median.

• Rajiv Gandhi Street: Rs 200 per sq.ft (2024)
• Perumal Koil Street: Rs 200 per sq.ft (2024)
• Rangaswamy Koil Street: Rs 150 per sq.ft (2024)
• Royal Paradise: Rs 250 per sq.ft (2024)
• RPG Global City: Rs 250 per sq.ft (2024)
• Palla Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Puthu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Puthu Street?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently.

When registering a property, buyers and sellers must consider the guideline value, as it affects the stamp duty and registration fees payable. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Puthu Street?

The current guideline value for Puthu Street is Rs 200 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value for Puthu Street has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017 and an increase back to Rs 200 per sq.ft in 2023.

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

Other streets in Kolathur include Rajiv Gandhi Street and Perumal Koil Street, both at Rs 200 per sq.ft, Rangaswamy Koil Street at Rs 150 per sq.ft, and Royal Paradise and RPG Global City at Rs 250 per sq.ft.

What is the registration fee for property in Puthu Street?

The registration fee for property in Puthu Street is calculated based on the guideline value. For example, for a property valued at Rs 2,00,000, the registration fee would be Rs 4,000 at 2%.

Where can I find the Sub Registrar Office for Puthu Street?

The Sub Registrar Office for Puthu Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the appropriate link.