Guideline Value for Puthuthambi Nagar Sivaji 3rd Street

Puthuthambi Nagar Sivaji 3rd Street guideline value

The current guideline value of Puthuthambi Nagar Sivaji 3rd Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Puthuthambi Nagar Sivaji 3rd Street has changed

In the 2017 revision, the guideline value was set at Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in the 2023 revision, reflecting a significant rise of 49%. The most recent revision in 2024 has further increased the value to Rs 1,760 per sq.ft, marking a 10% increase from the previous year.

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

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, making the current value of Puthuthambi Nagar Sivaji 3rd Street below that median.

• Puthuthambi Nagar Sivaji 2nd Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji Ist Street: Rs 1,760 per sq.ft (2024)
• PuthuThambi Nagar: 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling 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.

You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Puthuthambi Nagar Sivaji 3rd Street?

The Puthuthambi Nagar Sivaji 3rd Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 plays a crucial role in the registration process of property transactions in Anakaputhur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value as it affects the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Puthuthambi Nagar Sivaji 3rd Street?

The current guideline value of Puthuthambi Nagar Sivaji 3rd Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, which is a total increase of 64% over these years.

What is the registration office for Puthuthambi Nagar Sivaji 3rd Street?

The registration office for Puthuthambi Nagar Sivaji 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate the applicable fees using the stamp duty and registration fee calculator.