Guideline Value for CHINNA RAJU GARDEN 2ND STREET

Chinna Raju Garden 2nd Street guideline value

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

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

The guideline value for Chinna Raju Garden 2nd Street has seen several revisions over the years. In 2007, the value was Rs 1,050 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a change of +281%. The value remained unchanged at Rs 4,000 per sq.ft until 2023, when it increased to Rs 4,400 per sq.ft in the 2024 revision, reflecting a change of +10%.

There are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by +319%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value 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, making the 2024 figure for Chinna Raju Garden 2nd Street below that median.

• Chinna Raju Garden 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Chinna Raju Garden 3rd Street: Rs 4,400 per sq.ft (2024)
• Chinna Raju Garden 1st Street: Rs 4,400 per sq.ft (2024)
• Chinna Raju Garden 1st Cross 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 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, together totaling Rs 3,96,000. 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 Chinna Raju Garden 2nd Street?

The Sub Registrar Office covering Chinna Raju Garden 2nd 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 calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

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

The current guideline value of Chinna Raju Garden 2nd 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 changed from Rs 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +319% over the years.

What is the land classification for Chinna Raju Garden 2nd Street?

Chinna Raju Garden 2nd Street is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for property transactions?

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.

Where is the Sub Registrar Office for Chinna Raju Garden 2nd Street located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.