Guideline Value for Puthuthambi Nagar Sivaji 2nd Street

Puthuthambi Nagar Sivaji 2nd Street guideline value

The current guideline value of Puthuthambi Nagar Sivaji 2nd Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Puthuthambi Nagar Sivaji 2nd Street has changed

The guideline value for Puthuthambi Nagar Sivaji 2nd Street has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant change of 49%. The latest revision in 2024 set the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in this area is Rs 1,980 per sq.ft, indicating that Puthuthambi Nagar Sivaji 2nd Street's 2024 figure is below the median.

• PuthuThambi Nagar: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji 3rd Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji Ist Street: Rs 1,760 per sq.ft (2024)
• Quaidhai Millath Nagar: Rs 2,350 per sq.ft (2024)
• Puratchi Mani Street: Rs 1,760 per sq.ft (2024)
• RAGAVENDIRA SALAI 1st CROSS STREET: Rs 4,640 per sq.ft (2024)

Stamp duty and registration fee for property in Puthuthambi Nagar Sivaji 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puthuthambi Nagar Sivaji 2nd Street?

The Puthuthambi Nagar Sivaji 2nd Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Anakaputhur, 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 the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements. This value serves as a benchmark for property transactions, ensuring that all parties are informed of the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Puthuthambi Nagar Sivaji 2nd Street?

The current guideline value of Puthuthambi Nagar Sivaji 2nd Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64% over these years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office covers this street?

The Puthuthambi Nagar Sivaji 2nd Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Puthuthambi Nagar Sivaji 2nd Street?

The land classification for Puthuthambi Nagar Sivaji 2nd Street is Residential Class II Type - I.