Guideline Value for CHINNA RAJU GARDEN 4TH STREET

Chinna Raju Garden 4th Street guideline value

The current guideline value of Chinna Raju Garden 4th 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 is classified as Residential Class IV Type - II.

How the guideline value of Chinna Raju Garden 4th Street has changed

The guideline value for Chinna Raju Garden 4th Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,050 per sq.ft. This figure 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 in 2023, before rising to the current figure of Rs 4,400 per sq.ft in 2024, which is a 10% increase.

It is important to note that there are no recorded figures for the years 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 that carry a guideline value for 2024, 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 4th Street's guideline value is below this median.

• Chinna Raju Garden 3rd Street: Rs 4,400 per sq.ft (2024)
• 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 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value is 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 and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Chinna Raju Garden 4th Street?

The Sub Registrar Office that covers Chinna Raju Garden 4th 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 in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinna Raju Garden 4th Street?

The current guideline value of Chinna Raju Garden 4th 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, with significant increases noted in 2012 and 2024.

What is the registration office for Chinna Raju Garden 4th Street?

The registration office for Chinna Raju Garden 4th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at 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, totaling Rs 3,96,000.

What other streets in Puliyur have the same guideline value?

Other streets in Puliyur, such as Chinna Raju Garden 1st, 2nd, and 3rd Streets, also have a guideline value of Rs 4,400 per sq.ft in 2024.