Guideline Value for Puthumanai Kuppam 2nd Street

Puthumanai Kuppam 2nd Street guideline value

The current guideline value for Puthumanai Kuppam 2nd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Puthumanai Kuppam 2nd Street has changed

The guideline value for Puthumanai Kuppam 2nd Street has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 804 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw a further increase to Rs 1,300 per sq.ft, which is an 8% rise from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Puthumanai Kuppam 2nd Street's 2024 figure below this median.

• Puthumanai Kuppam 1st Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 3rd Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 4th Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 5th Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 6th Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 7th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Puthumanai Kuppam 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty is charged at 7%, which totals Rs 91,000, and the registration fee is charged at 2%, amounting to Rs 26,000. Together, the total fees would be Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puthumanai Kuppam 2nd Street?

The Sub Registrar Office that covers Puthumanai Kuppam 2nd Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value of Puthumanai Kuppam 2nd Street?

The current guideline value of Puthumanai Kuppam 2nd Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,300 per sq.ft in 2024. This represents an overall increase of 62% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers this street?

The Royapuram Sub Registrar Office covers Puthumanai Kuppam 2nd Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification of Puthumanai Kuppam 2nd Street?

The land classification for Puthumanai Kuppam 2nd Street is Residential Class II Type - I, indicating its suitability for residential purposes.