Guideline Value for Thiruvalluar Pettai Extn.,

Thiruvalluar Pettai Extn., guideline value

The current guideline value for Thiruvalluar Pettai Extn. in Anakaputhur village is Rs 1,760 per sq.ft, effective from 1 July 2024. This area falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluar Pettai Extn., has changed

The guideline value for Thiruvalluar Pettai Extn. has seen significant changes over the years. In 2003, the guideline value was Rs 289 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The value then rose dramatically to Rs 1,072 per sq.ft in 2017, marking a 257% increase from 2007. The 2023 revision set the value at Rs 1,600 per sq.ft, and the most recent revision in 2024 has further increased it to Rs 1,760 per sq.ft, a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 509%.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Thiruvalluar Pettai Extn.'s 2024 value below that median.

• Thiruvalluar Pettai 2nd Street: Rs 1,760 per sq.ft (2024)
• Thiruvalluar Pettai 1st Street: Rs 1,760 per sq.ft (2024)
• Thiruvallur Street: Rs 1,760 per sq.ft (2024)
• Thiruvalluvar IIIrd Cross Street: Rs 1,320 per sq.ft (2024)
• Thiruvalluvar IInd Cross Street: Rs 1,320 per sq.ft (2024)
• Thirupuraisundari Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluar Pettai Extn.,

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, while 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 more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluar Pettai Extn.,?

The Thiruvalluar Pettai Extn. area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is officially recorded in accordance with government regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Thiruvalluar Pettai Extn.?

The current guideline value for Thiruvalluar Pettai Extn. 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 289 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 509% over this period.

What is the registration office for Thiruvalluar Pettai Extn.?

The registration office covering Thiruvalluar Pettai Extn. is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty rates applicable in Thiruvalluar Pettai Extn.?

The stamp duty rate applicable in Thiruvalluar Pettai Extn. is 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

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

For further details on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.