Guideline Value for Puthumetu Street

Puthumetu Street guideline value

The current guideline value of Puthumetu Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Sengadu village, under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Puthumetu Street has changed

Over the years, the guideline value for Puthumetu Street has seen several revisions. The register shows that in 2012, the value was Rs 150 per sq.ft, which remained unchanged in the subsequent revision in 2017, where it dropped to Rs 100 per sq.ft. However, from 2017 to 2023, there was a significant increase of 50%, bringing it back to Rs 150 per sq.ft. The current revision for 2024 also maintains the same value of Rs 150 per sq.ft, indicating no change from the previous year.

The register does not contain figures for the years 2002, 2003, and 2007 for Puthumetu Street. Therefore, we only have the values from the revisions in 2012, 2017, 2023, and 2024 to consider for this street.

Guideline values in Sengadu

In Sengadu village, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 500 per sq.ft, with the median being Rs 150 per sq.ft. Puthumetu Street's 2024 figure aligns perfectly with this median.

• Putru Koil Street: Rs 150 per sq.ft (2024)
• Port Homes: Rs 500 per sq.ft (2024)
• Perumal Koil Street: Rs 150 per sq.ft (2024)
• Perumal Koil 3rd Street: Rs 150 per sq.ft (2024)
• Pathiratchi Amman Koil Street: Rs 200 per sq.ft (2024)
• Shannmuga Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Puthumetu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puthumetu Street?

Puthumetu Street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sengadu. It is used to calculate the stamp duty and registration fees that are payable at the time of registration, ensuring that the transaction complies with local regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, as it provides a benchmark for property values in the area.

Frequently asked questions

What is the current guideline value of Puthumetu Street?

The current guideline value of Puthumetu Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Puthumetu Street has remained at Rs 150 per sq.ft since 2012, with a drop to Rs 100 per sq.ft in 2017, followed by a return to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification for Puthumetu Street?

Puthumetu Street is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property in Puthumetu Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft would incur a stamp duty of Rs 10,500.