Guideline Value for Puthumanai Kuppam 3rd Street

Puthumanai Kuppam 3rd Street guideline value

The current guideline value of Puthumanai Kuppam 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Puthumanai Kuppam 3rd Street has changed

The guideline value for Puthumanai Kuppam 3rd Street has seen significant changes over the years. The 2017 revision set the value at Rs 804 per sq.ft, and the most recent revision in 2024 increased it to Rs 1,300 per sq.ft, marking a change of +62% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. Therefore, the only revisions that show a guideline value are from 2017 and 2024.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, which means that Puthumanai Kuppam 3rd Street's current guideline value is below that median.

• Puthumanai Kuppam 1st Street: Rs 1,300 per sq.ft (2024)
• Puthumanai Kuppam 2nd 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, leading to a total of 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.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Puthumanai Kuppam 3rd Street?

The Puthumanai Kuppam 3rd Street falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is considered to ensure that the correct amount of duty is charged, which is based on either the guideline value or the sale price, whichever is higher. This helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Puthumanai Kuppam 3rd Street?

The current guideline value of Puthumanai Kuppam 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024, which is a change of +62%.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, which is higher than the current value of Puthumanai Kuppam 3rd Street.

What are the stamp duty and registration fees for property 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.

Which office handles registrations for Puthumanai Kuppam 3rd Street?

The registration for Puthumanai Kuppam 3rd Street is handled by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.