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Guideline Value

Corporate

Guideline Value for INDRA GANDHI 3RD STREET (CHOOLAIMEDU)

₹4400/sq.ft.

The guideline value for Indra Gandhi 3rd Street (choolaimedu) in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1050 /sq.ft.
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 Indra Gandhi 3rd Street (choolaimedu)

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Indra Gandhi 3rd Street (Choolaimedu) guideline value

The current guideline value of Indra Gandhi 3rd Street (Choolaimedu) is Rs 4,400 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 - II.

How the guideline value of Indra Gandhi 3rd Street (Choolaimedu) has changed

The guideline value for Indra Gandhi 3rd Street (Choolaimedu) has seen significant changes over the years. In the 2007 revision, the value was Rs 1,050 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 281%. However, it then decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 4,000 per sq.ft in the 2023 revision, and currently stands at Rs 4,400 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 319%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value of Indra Gandhi 3rd Street (Choolaimedu) is below this median.

Stamp duty and registration fee for property in Indra Gandhi 3rd Street (Choolaimedu)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total charges Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Indra Gandhi 3rd Street (Choolaimedu)?

The Sub Registrar Office that covers Indra Gandhi 3rd Street (Choolaimedu) 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 critical reference point used during the registration process of property transactions in Puliyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Indra Gandhi 3rd Street (Choolaimedu)?

The current guideline value of Indra Gandhi 3rd Street (Choolaimedu) is Rs 4,400 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 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 319% over the years.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Indra Gandhi 3rd Street (Choolaimedu)?

The Kodambakkam Sub Registrar Office handles property registrations for Indra Gandhi 3rd Street (Choolaimedu), located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the guideline value determined for properties in Puliyur?

The guideline value is determined by the Registration Department and is based on various factors, including the location and classification of the property. It is updated periodically to reflect changes in the real estate market.