Guideline Value for Puthur highways

Puthur highways guideline value

The current guideline value of Puthur highways is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Puthur highways has changed

The guideline value for Puthur highways has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 149 per sq.ft. It increased to Rs 161 per sq.ft in 2003, marking a rise of 8%. The next significant jump occurred in 2007, where the value surged to Rs 500 per sq.ft, reflecting a 211% increase. In 2012, the value was recorded at Rs 2,000 per sq.ft, which was a substantial increase of 300% from the previous revision. However, in 2017, the value dropped to Rs 1,340 per sq.ft, showing a decrease of 33%.

In the following revisions, the value increased again. The 2023 revision set the value at Rs 2,000 per sq.ft, which was a 49% increase from 2017. Finally, the 2024 revision saw the guideline value rise to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. There are no figures available for the years not listed in the register for this street.

Guideline values in Oragadam

In Oragadam, there are a total of 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of Puthur highways.

• Pushpa Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Pushpa Nagar: Rs 1,600 per sq.ft (2024)
• Radha krishnan Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Ragavendra Street: Rs 2,400 per sq.ft (2024)
• Pudhu Street: Rs 1,900 per sq.ft (2024)
• Ragul Street (Imanuel Nagar): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Puthur highways

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Puthur highways?

The Sub Registrar Office that covers Puthur highways is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Oragadam. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must ensure that the sale price is in accordance with the guideline value to avoid discrepancies during registration.

When a property is registered, the guideline value is considered to ensure that the correct amount of duty is charged. This helps maintain transparency and fairness in property transactions, ensuring that all parties are aware of the financial obligations involved in the sale.

Frequently asked questions

What is the current guideline value of Puthur highways?

The current guideline value of Puthur highways is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 149 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1377% over the years.

What are the stamp duty and registration fees for properties in Puthur highways?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which office handles registrations for Puthur highways?

The Ambattur Sub Registrar Office handles registrations for Puthur highways, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Puthur highways?

Puthur highways is classified as Residential Special Type - II, which influences its guideline value and potential uses for property development.