Guideline Value for CHINNA RAJU GARDEN 3RD STREET

Chinna Raju Garden 3rd Street guideline value

The current guideline value of Chinna Raju Garden 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - II.

How the guideline value of Chinna Raju Garden 3rd Street has changed

In the 2007 revision, the guideline value was set at Rs 1,050 per sq.ft. This figure saw a significant increase in the 2012 revision, which remained at Rs 4,000 per sq.ft. The 2023 revision also maintained the value at Rs 4,000 per sq.ft, showing no change from the previous revision. However, the most recent 2024 revision increased the guideline value to Rs 4,400 per sq.ft, marking a 10% rise from the 2023 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 319%. The substantial jump from Rs 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024 reflects the changes over the years, with the highest increase of 281% occurring between 2007 and 2012.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. Chinna Raju Garden 3rd Street's 2024 guideline value is below this median.

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

Stamp duty and registration fee for property in Chinna Raju Garden 3rd 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, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Chinna Raju Garden 3rd Street?

The Sub Registrar Office that covers Chinna Raju Garden 3rd 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 additional information.

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

The guideline value is a crucial factor in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Chinna Raju Garden 3rd Street?

The current guideline value of Chinna Raju Garden 3rd 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 seen several revisions, increasing from Rs 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 319%.

What are the stamp duty rates for properties in Chinna Raju Garden 3rd Street?

The stamp duty for properties in Chinna Raju Garden 3rd Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Kodambakkam Sub Registrar Office covers Chinna Raju Garden 3rd Street and is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Chinna Raju Garden 3rd Street?

The land classification for Chinna Raju Garden 3rd Street is Residential Class IV Type - II.