Guideline Value for PuthuThambi Nagar

PuthuThambi Nagar guideline value

The current guideline value of PuthuThambi Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village and falls under the Pammal SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of PuthuThambi Nagar has changed

The guideline value for PuthuThambi Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was followed by a substantial rise to Rs 1,072 per sq.ft in 2017, reflecting a 257% increase from the previous revision. The value further increased to Rs 1,600 per sq.ft in 2023, marking a 49% rise from 2017. The latest revision in 2024 has set the guideline value at Rs 1,760 per sq.ft, a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 588%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing the 2024 guideline value of PuthuThambi Nagar below this median.

• Puthuthambi Nagar Sivaji 2nd Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji 3rd Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji Ist Street: Rs 1,760 per sq.ft (2024)
• Quaidhai Millath Nagar: Rs 2,350 per sq.ft (2024)
• Puratchi Mani Street: Rs 1,760 per sq.ft (2024)
• RAGAVENDIRA SALAI 1st CROSS STREET: Rs 4,640 per sq.ft (2024)

Stamp duty and registration fee for property in PuthuThambi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for stamp duty and registration fees to Rs 1,58,400. 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 PuthuThambi Nagar?

The PuthuThambi Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that the guideline value is the minimum value that is considered for taxation purposes.

When a property is sold, the sale price is compared to the guideline value. The higher of the two is taken into account for calculating the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of PuthuThambi Nagar?

The current guideline value of PuthuThambi Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 256 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 588% over this period.

What are the other streets in Anakaputhur with the same guideline value?

Other streets in Anakaputhur with the same guideline value of Rs 1,760 per sq.ft include Puthuthambi Nagar Sivaji 2nd Street, Puthuthambi Nagar Sivaji 3rd Street, and Puratchi Mani Street.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated based on the guideline value?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 17,60,000, the stamp duty at 7% would be Rs 1,23,200.