Guideline Value for CHINNA RAJU GARDEN 2ND CROSS STREET

Chinna Raju Garden 2nd Cross Street guideline value

The current guideline value of Chinna Raju Garden 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and falls under the Residential Class IV Type - II land classification.

How the guideline value of Chinna Raju Garden 2nd Cross Street has changed

The guideline value for Chinna Raju Garden 2nd Cross Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 1,050 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions, showing no change between these years. The most recent revision in 2024 saw a further increase to Rs 4,400 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 319%. The register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing Chinna Raju Garden 2nd Cross Street's 2024 figure below that median.

• Chinna Raju Garden 1st Street: Rs 4,400 per sq.ft (2024)
• Chinna Raju Garden 2nd Street: Rs 4,400 per sq.ft (2024)
• Chinna Raju Garden 1st Cross 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 2nd Cross Street

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

You can use the stamp duty and registration fee calculator for more details on costs.

Which Sub Registrar Office covers Chinna Raju Garden 2nd Cross Street?

The Sub Registrar Office that covers Chinna Raju Garden 2nd Cross Street 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 crucial factor when registering property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property, which is essential for legal and financial documentation. It is important to be aware of these values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chinna Raju Garden 2nd Cross Street?

The current guideline value of Chinna Raju Garden 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024. There were no changes reported for the years 2012 and 2023, while the value increased significantly by 281% from 2007 to 2012.

What is the stamp duty for property in Chinna Raju Garden 2nd Cross Street?

The stamp duty for property in Chinna Raju Garden 2nd Cross Street is 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 3,08,000 at the current guideline value.

Where can I find the Sub Registrar Office for Chinna Raju Garden 2nd Cross Street?

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

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft. The guideline value of Chinna Raju Garden 2nd Cross Street is below this median at Rs 4,400 per sq.ft.