Guideline Value for INBARAJAPURAM 1ST STREET

Inbarajapuram 1st Street guideline value

The current guideline value of Inbarajapuram 1st Street is Rs 4,600 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 - I.

How the guideline value of Inbarajapuram 1st Street has changed

Inbarajapuram 1st Street has seen several revisions in its guideline value over the years. The 2002 revision set the value at Rs 711 per sq.ft, which increased to Rs 847 per sq.ft in 2003, marking a change of +19%. The value rose significantly to Rs 1,200 per sq.ft in 2007, reflecting a +42% increase. By 2012, the value remained at Rs 4,300 per sq.ft, showing no change from the previous revision.

In the 2023 revision, the guideline value was Rs 4,300 per sq.ft, which then increased by +7% to Rs 4,600 per sq.ft in the 2024 revision. The register has no figure for the year 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by +547%.

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 the village is Rs 5,800 per sq.ft, placing Inbarajapuram 1st Street's 2024 value below this median.

• Inbarajapuram 2nd Street: Rs 4,600 per sq.ft (2024)
• Inbarajapuram Main Road: Rs 4,600 per sq.ft (2024)
• Hasthagiri Street: Rs 5,800 per sq.ft (2024)
• Indra Gandhi 1st Street (Choolaimedu): Rs 4,400 per sq.ft (2024)
• Indra Gandhi 2nd Street (Choolaimedu): Rs 4,400 per sq.ft (2024)
• Indra Gandhi 3rd Street (Choolaimedu): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Inbarajapuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total cost for these fees to Rs 4,14,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Inbarajapuram 1st Street?

The Sub Registrar Office that covers Inbarajapuram 1st 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 property transactions in Puliyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the official valuation of the property.

It is important to note that the guideline value may not always reflect the actual market price of a property. However, it serves as a benchmark for financial transactions and legal documentation during the registration process.

Frequently asked questions

What is the current guideline value of Inbarajapuram 1st Street?

The current guideline value of Inbarajapuram 1st Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 711 per sq.ft in 2002 to Rs 4,600 per sq.ft in 2024, reflecting an overall increase of +547% over the years.

What is the registration office for Inbarajapuram 1st Street?

The registration office for Inbarajapuram 1st 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 for property in this area?

For a property valued at Rs 46,00,000, the stamp duty is Rs 3,22,000 and the registration fee is Rs 92,000, totaling Rs 4,14,000 for these fees.

How does the guideline value affect property transactions?

The guideline value serves as the minimum value for property registration and is used to calculate stamp duty and registration fees, ensuring transparency in property transactions.