Guideline Value for KHAN STREET

Khan Street guideline value

The current guideline value of Khan Street in Puliyur village, under the Kodambakkam SRO, is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - III.

How the guideline value of Khan Street has changed

The guideline value for Khan Street has seen several revisions over the years. Starting from Rs 791 per sq.ft in 2002, it increased to Rs 869 per sq.ft in 2003, marking a 10% rise. The value then jumped significantly to Rs 1,650 per sq.ft in 2007, reflecting a 90% increase. The next revision in 2012 saw no change, maintaining the value at Rs 5,800 per sq.ft. In 2023, the value remained the same at Rs 5,800 per sq.ft, before rising to Rs 6,300 per sq.ft in 2024, which is a 9% increase.

It is important to note that there is no figure available for Khan Street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by 696%.

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, making Khan Street's 2024 figure of Rs 6,300 per sq.ft above that median.

• Kirupha Sankari Street: Rs 6,300 per sq.ft (2024)
• K.A. Thangavel Colony: Rs 5,000 per sq.ft (2024)
• Ko. Su. Mani Road: Rs 5,000 per sq.ft (2024)
• Kasthuri Bai Street: Rs 4,400 per sq.ft (2024)
• Kasthuri Bai Nagar: Rs 4,400 per sq.ft (2024)
• Karumari Amman Koil Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Khan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, summing up to a total of Rs 5,67,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Khan Street?

Khan Street falls under the jurisdiction of 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. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property. Buyers and sellers should be aware that the guideline value can influence the overall costs involved in the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value of Khan Street?

The current guideline value of Khan Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 791 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 696% over this period.

Are there any revisions with no figures for Khan Street?

Yes, the register has no figure for Khan Street in the 2017 revision.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, which is lower than Khan Street's current value of Rs 6,300 per sq.ft.

Where is the Kodambakkam Sub Registrar Office located?

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