Guideline Value

Corporate

Guideline Value for DR. RAJENDRAPRASAD II STREET

₹5000/sq.ft.

The guideline value for Dr. Rajendraprasad Ii Street in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4600 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3082 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dr. Rajendraprasad Ii Street

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Dr. Rajendraprasad II Street guideline value

The current guideline value of Dr. Rajendraprasad II Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Dr. Rajendraprasad II Street has changed

In the 2012 revision, the guideline value was set at Rs 4,600 per sq.ft. This figure decreased to Rs 3,082 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly to Rs 4,600 per sq.ft, an increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 5,000 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 9%.

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 for these streets is Rs 5,800 per sq.ft, indicating that Dr. Rajendraprasad II Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Dr. Rajendraprasad II Street

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, amounting together to Rs 4,50,000. It is important to note that 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 more information.

Which Sub Registrar Office covers Dr. Rajendraprasad II Street?

The Sub Registrar Office that covers Dr. Rajendraprasad II 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 details.

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

The guideline value plays a crucial role in property transactions in Puliyur. It is used to calculate the stamp duty and registration fees that are payable at the time of property registration. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When purchasing property, the guideline value helps determine the minimum price at which the property can be registered. This ensures that all transactions are recorded at a fair and consistent value, which is essential for maintaining the integrity of the real estate market.

Frequently asked questions

What is the current guideline value of Dr. Rajendraprasad II Street?

The current guideline value of Dr. Rajendraprasad II Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,600 per sq.ft in 2023 to Rs 5,000 per sq.ft in 2024, a 9% increase. It was Rs 3,082 per sq.ft in 2017, which was a 49% increase from Rs 4,600 per sq.ft in 2012.

What is the land classification for Dr. Rajendraprasad II Street?

The land classification for Dr. Rajendraprasad II Street is Residential Class III Type - I.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 5,000 per sq.ft would incur a stamp duty of Rs 3,50,000.

Which office handles property registrations for Dr. Rajendraprasad II Street?

The Kodambakkam Sub Registrar Office handles property registrations for Dr. Rajendraprasad II Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.