Guideline Value for Putru Koil Street

Putru Koil Street guideline value

The current guideline value of Putru Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Sengadu village under the Sriperumpudur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Putru Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This remained unchanged in the subsequent 2017 revision, where it was adjusted to Rs 100 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft. The 2024 revision also maintained this value at Rs 150 per sq.ft, resulting in no change from the previous year.

The register has no figure for Putru Koil Street for the years 2002, 2003, and 2007. Therefore, the most recent revisions reflect the guideline values from 2012, 2017, 2023, and 2024.

Guideline values in Sengadu

In Sengadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 500 per sq.ft. The median value is Rs 150 per sq.ft, which is equal to the 2024 figure for Putru Koil Street.

• Puthumetu 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 Putru Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 Putru Koil Street?

The Sub Registrar Office that covers Putru Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Sengadu. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum amount at which the property can be registered. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Putru Koil Street?

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

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent changes being Rs 150 per sq.ft in 2012, 2017, 2023, and 2024. There was a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023 and 2024.

What are the other streets in Sengadu with their guideline values?

Other streets in Sengadu include Puthumetu Street and Perumal Koil Street, both at Rs 150 per sq.ft, as well as Port Homes at Rs 500 per sq.ft, and Pathiratchi Amman Koil Street and Shannmuga Nagar at Rs 200 per sq.ft.

What are the stamp duty and registration fees for property in Putru Koil Street?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Putru Koil Street?

The Sriperumpudur Sub Registrar Office handles registrations for Putru Koil Street. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.