Guideline Value for KIRUPHA SANKARI STREET

Kirupha Sankari Street guideline value

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

How the guideline value of Kirupha Sankari Street has changed

Over the years, the guideline value for Kirupha Sankari Street has seen significant changes. The 2007 revision set the value at Rs 1,675 per sq.ft, which increased dramatically to Rs 5,800 per sq.ft in the 2012 revision, marking a 246% rise. The value remained unchanged at Rs 5,800 per sq.ft during the 2023 revision.

The most recent revision in 2024 increased the guideline value to Rs 6,300 per sq.ft, reflecting a 9% rise from the previous year. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 276%.

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 is Rs 5,800 per sq.ft, placing Kirupha Sankari Street's 2024 value above this median.

• Khan Street: Rs 6,300 per sq.ft (2024)
• Ko. Su. Mani Road: Rs 5,000 per sq.ft (2024)
• K.A. Thangavel Colony: 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)
• Krishnan Colony: Rs 5,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kirupha Sankari 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, totaling Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kirupha Sankari Street?

The Sub Registrar Office that covers Kirupha Sankari 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 plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed according to the established guideline values in the area.

Frequently asked questions

What is the current guideline value of Kirupha Sankari Street?

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

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,675 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 276%.

What are the guideline values of other streets in Puliyur?

Other streets in Puliyur have varying guideline values, with rates ranging from Rs 3,300 to Rs 14,300 per sq.ft. For example, Khan Street has a guideline value of Rs 6,300 per sq.ft.

What are the stamp duty and registration fees for a property in Kirupha Sankari Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 4,41,000 and the registration fee would be Rs 1,26,000, totaling Rs 5,67,000.

Which office handles the registration of properties in Kirupha Sankari Street?

The registration of properties in Kirupha Sankari Street is handled by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.