Guideline Value for CIRCULAR ROAD (40 Feet)

CIRCULAR ROAD (40 Feet) guideline value

The current guideline value of CIRCULAR ROAD (40 Feet) in Puliyur village is Rs 8,200 per sq.ft, effective from 1 July 2024. This street falls under the Kodambakkam Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of CIRCULAR ROAD (40 Feet) has changed

Over the years, the guideline value of CIRCULAR ROAD (40 Feet) has seen significant changes. From the 2007 revision, which was Rs 3,110 per sq.ft, it increased to Rs 7,500 per sq.ft in 2012, marking a substantial rise of 141%. The most recent revision in 2024 set the value at Rs 8,200 per sq.ft, reflecting a 9% increase from the 2012 figure.

Overall, the guideline value has increased by 164% from the 2007 revision to the 2024 revision. It is important to note that the register does not provide figures for the years 2002, 2003, 2017, and 2023 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 value for these streets is Rs 5,800 per sq.ft, placing the 2024 guideline value of CIRCULAR ROAD (40 Feet) above this median.

• Choolaimedu Lane: Rs 6,300 per sq.ft (2024)
• Choolaimedu High Road: Rs 8,800 per sq.ft (2024)
• Collectrate Colony 1st Cross Street: Rs 5,800 per sq.ft (2024)
• Collectrate Colony 2nd Cross Street: Rs 5,800 per sq.ft (2024)
• Collectrate Colony 3rd Cross Street: Rs 5,800 per sq.ft (2024)
• Collectrate Colony 4th Cross Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in CIRCULAR ROAD (40 Feet)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty, charged at 7%, would be Rs 5,74,000, and the registration fee, charged at 2%, would be Rs 1,64,000. Together, the total cost for stamp duty and registration would be Rs 7,38,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers CIRCULAR ROAD (40 Feet)?

The Sub Registrar Office that covers CIRCULAR ROAD (40 Feet) 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 details.

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 the basis for calculating stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

When a property transaction occurs, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the sale process.

Frequently asked questions

What is the current guideline value of CIRCULAR ROAD (40 Feet)?

The current guideline value of CIRCULAR ROAD (40 Feet) is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,110 per sq.ft in 2007 to Rs 7,500 per sq.ft in 2012, and then to Rs 8,200 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2017, and 2023 for this street.

What is the land classification of CIRCULAR ROAD (40 Feet)?

CIRCULAR ROAD (40 Feet) is classified as Residential Special Type - I, indicating its suitability for residential purposes.

What is the median guideline value of streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, which means CIRCULAR ROAD (40 Feet) is valued above this median at Rs 8,200 per sq.ft.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. This office handles the registration of properties in the area.