Guideline Value for Puthumanai Kuppam 4th Street

Puthumanai Kuppam 4th Street guideline value

The current guideline value of Puthumanai Kuppam 4th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Puthumanai Kuppam 4th Street has changed

The guideline value for Puthumanai Kuppam 4th Street has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 1,200 per sq.ft. However, in the 2017 revision, it decreased to Rs 804 per sq.ft, marking a decline of 33%. The most recent revision in 2024 has increased the guideline value to Rs 1,300 per sq.ft, which is an increase of 62% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, the guideline value has seen a slight increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry 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 4th Street's 2024 figure 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 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 4th 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 calculated at 7%, which totals Rs 91,000, and the registration fee is 2%, amounting to Rs 26,000. Therefore, the total charges together 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puthumanai Kuppam 4th Street?

The Puthumanai Kuppam 4th Street falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Tondaiarpet, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Both buyers and sellers should be aware of the guideline value as it affects the overall cost of the transaction. It is advisable to check the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for Puthumanai Kuppam 4th Street?

The current guideline value for Puthumanai Kuppam 4th 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 for Puthumanai Kuppam 4th Street has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. Overall, from 2012 to 2024, there has been an 8% increase.

What is the stamp duty for property in Puthumanai Kuppam 4th Street?

The stamp duty for property in Puthumanai Kuppam 4th Street is calculated at 7% of the guideline value. For a plot valued at Rs 13,00,000, the stamp duty amounts to Rs 91,000.

Where can I find the Sub Registrar Office for Puthumanai Kuppam 4th Street?

The Sub Registrar Office covering Puthumanai Kuppam 4th Street is the Royapuram SRO, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

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

Other streets in Tondaiarpet with the same guideline value of Rs 1,300 per sq.ft include Puthumanai Kuppam 1st Street, 2nd Street, 3rd Street, 5th Street, 6th Street, and 7th Street.