Guideline Value for INBARAJAPURAM MAIN ROAD

Inbarajapuram Main Road guideline value

The current guideline value of Inbarajapuram Main Road is Rs 4,600 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Inbarajapuram Main Road has changed

The guideline value for Inbarajapuram Main Road has seen several revisions over the years. Starting from Rs 771 per sq.ft in 2002, it increased to Rs 847 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 1,200 per sq.ft in 2007, which was a 42% increase. By 2012, the value reached Rs 4,300 per sq.ft, reflecting an impressive 258% growth from the previous revision. However, it dropped to Rs 2,881 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2024, the guideline value surged by 60%, bringing it to the current rate of Rs 4,600 per sq.ft. Notably, the register has no figure for this street in 2023. Overall, from 2002 to 2024, the guideline value has increased by 497%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with the 2024 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, indicating that Inbarajapuram Main Road's 2024 guideline value is below this median.

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

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 fees to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Inbarajapuram Main Road?

The Sub Registrar Office that covers Inbarajapuram Main Road 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 a reference point for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official values set by the Registration Department.

When a property is sold, the guideline value helps in establishing a fair transaction value for the property, thus facilitating a transparent process. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Inbarajapuram Main Road?

The current guideline value of Inbarajapuram Main Road 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 changed significantly from Rs 771 per sq.ft in 2002 to Rs 4,600 per sq.ft in 2024, reflecting an overall increase of 497% over the years.

What is the stamp duty rate for properties in Inbarajapuram Main Road?

The stamp duty rate for properties in Inbarajapuram Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

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

What are the registration fees for properties in Puliyur?

The registration fee for properties in Puliyur is 2% of the guideline value or the sale price, whichever is higher.