Guideline Value for CHINNA RAJU GARDEN 1ST STREET

Chinna Raju Garden 1st Street guideline value

The current guideline value of Chinna Raju Garden 1st Street, located in Puliyur village under the Kodambakkam SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class IV Type - II land classification.

How the guideline value of Chinna Raju Garden 1st Street has changed

The guideline value for Chinna Raju Garden 1st Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,050 per sq.ft. This figure saw a significant increase to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 marks a further increase to Rs 4,400 per sq.ft, reflecting a change of +10% from the previous year.

Notably, there are no recorded figures for the years 2002, 2003, and 2017 in the register for this street. The overall change from the 2007 revision to the current 2024 revision represents an increase of +319%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Chinna Raju Garden 1st Street's 2024 figure below that median.

• Chinna Raju Garden 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Chinna Raju Garden 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Chinna Raju Garden 2nd Street: Rs 4,400 per sq.ft (2024)
• Chinna Raju Garden 3rd Street: Rs 4,400 per sq.ft (2024)
• Chinna Raju Garden 4th Street: Rs 4,400 per sq.ft (2024)
• Chinnaya Colony: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Raju Garden 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Raju Garden 1st Street?

The Chinna Raju Garden 1st Street falls under the jurisdiction of the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is referenced to ensure that the correct fees are calculated. This value is particularly important as it helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Chinna Raju Garden 1st Street?

The current guideline value of Chinna Raju Garden 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of +319%.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers this area?

The Kodambakkam Sub Registrar Office covers Chinna Raju Garden 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Chinna Raju Garden 1st Street?

Chinna Raju Garden 1st Street is classified as Residential Class IV Type - II according to the land classification records.