Guideline Value for Puthu Street

Puthu Street guideline value

The current guideline value for Puthu Street in Thandalam village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Puthu Street has changed

Over the years, the guideline value for Puthu Street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. The value then increased significantly to Rs 300 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision, reflecting a 49% increase from 2017 to 2023.

There are no available figures for the revisions in 2002, 2003, and 2007 for Puthu Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. Puthu Street's guideline value is below this median.

• Rajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Rajeswari Nagar: Rs 400 per sq.ft (2024)
• Rajiv Gandhi Main Road: Rs 505 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 400 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 300 per sq.ft (2024)
• Regency Park: Rs 505 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that 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 details.

Which Sub Registrar Office covers Puthu Street?

Puthu Street is covered by 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 Thandalam

The guideline value is a critical factor in property transactions as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When buying or selling property in Thandalam, it is essential to be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Puthu Street?

The current guideline value of Puthu Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 300 per sq.ft in both 2023 and 2024. It was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What are the stamp duty and registration fees for properties on Puthu Street?

For a 1,000 sq.ft property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Puthu Street?

The Sriperumpudur Sub Registrar Office handles registrations for Puthu Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification for Puthu Street?

Puthu Street is classified as Residential Class III Type - I, indicating its designation for residential use.