Guideline Value for INBARAJAPURAM 2ND STREET

Inbarajapuram 2nd Street guideline value

The current guideline value of Inbarajapuram 2nd Street is Rs 4,600 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 - I.

How the guideline value of Inbarajapuram 2nd Street has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the value was Rs 711 per sq.ft, which increased to Rs 847 per sq.ft in 2003, marking a 19% rise. By 2007, the value jumped to Rs 1,200 per sq.ft, reflecting a 42% increase from the previous revision. The 2012 revision saw no change from the 2007 figure, remaining at Rs 4,300 per sq.ft. In 2023, the value was again Rs 4,300 per sq.ft, and in 2024, it increased to Rs 4,600 per sq.ft, which is a 7% rise from the previous year.

It is important to note that there is no figure available for Inbarajapuram 2nd Street in the 2017 revision. 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 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing Inbarajapuram 2nd Street's 2024 figure below this median.

• Inbarajapuram 1st 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 2nd Street

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

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

Which Sub Registrar Office covers Inbarajapuram 2nd Street?

The Sub Registrar Office that covers Inbarajapuram 2nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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

The guideline value is crucial during the registration of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Inbarajapuram 2nd Street?

The current guideline value of Inbarajapuram 2nd Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 711 per sq.ft to Rs 4,600 per sq.ft in 2024, marking an overall increase of 547%.

What is the land classification for Inbarajapuram 2nd Street?

Inbarajapuram 2nd Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value.

Which Sub Registrar Office covers this street?

The Kodambakkam Sub Registrar Office covers Inbarajapuram 2nd Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.