Guideline Value for CENTAL SCHOOL STREET (GILL NAGAR)

Cental School Street (Gill Nagar) guideline value

The current guideline value of Cental School Street (Gill Nagar) is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - II.

How the guideline value of Cental School Street (Gill Nagar) has changed

Starting from the 2007 revision, the guideline value was Rs 1,800 per sq.ft. It increased significantly by 261% to Rs 6,500 per sq.ft in 2012. However, it then saw a decrease of 33% to Rs 4,355 per sq.ft in 2017. The subsequent revision in 2023 raised the value by 49% to Rs 6,500 per sq.ft, followed by a further increase of 9% to the current value of Rs 7,100 per sq.ft in 2024.

The register has no figures for Cental School Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 294%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median of Rs 5,800 per sq.ft. Cental School Street's 2024 figure of Rs 7,100 per sq.ft is above this median.

• Central Avenue: Rs 7,700 per sq.ft (2024)
• Chakrapani Street: Rs 7,100 per sq.ft (2024)
• Chakrapani Street Extension: Rs 7,100 per sq.ft (2024)
• Budha Street: Rs 7,100 per sq.ft (2024)
• BRINDAVAN STREET (West Mambalam): Rs 8,200 per sq.ft (2024)
• BRINDAVAN EXTENSION (West Mambalam): Rs 8,000 per sq.ft (2024)

Stamp duty and registration fee for property in Cental School Street (Gill Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, making the total fees together Rs 6,39,000. 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 further calculations.

Which Sub Registrar Office covers Cental School Street (Gill Nagar)?

The Sub Registrar Office covering Cental School Street (Gill Nagar) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Puliyur, as it determines the minimum price at which properties can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value helps in establishing a fair price for the property being transacted.

Frequently asked questions

What is the current guideline value of Cental School Street (Gill Nagar)?

The current guideline value of Cental School Street (Gill Nagar) is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,800 per sq.ft to Rs 7,100 per sq.ft in 2024, reflecting a total increase of 294% over the years.

What is the land classification for Cental School Street (Gill Nagar)?

Cental School Street (Gill Nagar) is classified as Residential Special Type - II under the Kodambakkam SRO.

Where can I find the registration office for Cental School Street (Gill Nagar)?

The registration office for Cental School Street (Gill Nagar) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 71,00,000 would incur a stamp duty of Rs 4,97,000 at a rate of 7%.