Guideline Value for Puthuthambi Nagar Sivaji Ist Street

Puthuthambi Nagar Sivaji Ist Street guideline value

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

How the guideline value of Puthuthambi Nagar Sivaji Ist Street has changed

In the 2017 revision, 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 49% rise. The most recent revision in 2024 saw the value rise again to Rs 1,760 per sq.ft, which is a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The current value of Rs 1,760 per sq.ft is below the median value of Rs 1,980 per sq.ft for the 501 streets in Anakaputhur under the Pammal SRO.

Guideline values in Anakaputhur

In Anakaputhur, the guideline values range from Rs 1,320 to Rs 4,640 per sq.ft as of the 2024 revision. The median value for the area is Rs 1,980 per sq.ft. Puthuthambi Nagar Sivaji Ist Street's guideline value is below this median.

• Puthuthambi Nagar Sivaji 3rd Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji 2nd 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 Ist 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 be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Puthuthambi Nagar Sivaji Ist Street?

The Puthuthambi Nagar Sivaji Ist Street falls under 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

When buying or selling property in Anakaputhambi Nagar Sivaji Ist Street, the guideline value is a crucial factor in determining the stamp duty and registration fees. This value is set by the government and is used to calculate the taxes applicable during the registration of the property.

It is important to note that the guideline value may differ from the actual sale price of the property. Buyers and sellers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the correct fees are paid during the transaction.

Frequently asked questions

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

The current guideline value of Puthuthambi Nagar Sivaji Ist 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 changed from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification of Puthuthambi Nagar Sivaji Ist Street?

Puthuthambi Nagar Sivaji Ist Street is classified as Residential Class II Type - I.

Where can I find the registration office for Puthuthambi Nagar Sivaji Ist Street?

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

How is stamp duty calculated for properties in Puthuthambi Nagar Sivaji Ist Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,58,400.