Guideline Value for N.T.R. STREET

N.T.R. Street guideline value

The current guideline value of N.T.R. Street in Puliyur village, under the Kodambakkam SRO, is Rs 6,300 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - III land classification.

How the guideline value of N.T.R. Street has changed

The guideline value of N.T.R. Street has seen several revisions over the years. The earliest recorded figure was Rs 1,120 per sq.ft in 2003, which increased to Rs 1,650 per sq.ft in 2007, marking a change of +47%. By 2012, the value rose significantly to Rs 5,800 per sq.ft, reflecting a remarkable increase of +252%. This figure remained unchanged until the 2023 revision, which also recorded Rs 5,800 per sq.ft. The latest revision in 2024 saw the guideline value rise to Rs 6,300 per sq.ft, representing a +9% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2017. Overall, from 2003 to 2024, the guideline value has increased by +463%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, making N.T.R. Street's 2024 figure of Rs 6,300 per sq.ft above that median.

• North Mada Street: Rs 5,300 per sq.ft (2024)
• Othavadai Street: Rs 4,400 per sq.ft (2024)
• N.G.O. Colony Main Road (Vadapalani): Rs 5,000 per sq.ft (2024)
• N.G.O. Colony 4th Cross Street (Choolaimedu): Rs 5,000 per sq.ft (2024)
• N.G.O. Colony 3 Rd Street (Vadapalani): Rs 5,000 per sq.ft (2024)
• N.G.O. Colony 3rd Cross Street (Choolaimedu): Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in N.T.R. 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, charged at 7%, would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000. Together, the total cost for stamp duty and registration fees would be 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.T.R. Street?

The Sub Registrar Office that covers N.T.R. 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 is a critical factor during property registration in Puliyur. It helps determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value may influence the overall cost of the transaction.

When registering a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate applicable duties and fees, ensuring that the transaction complies with local regulations.

Frequently asked questions

What is the current guideline value of N.T.R. Street?

The current guideline value of N.T.R. 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 changed significantly from Rs 1,120 per sq.ft in 2003 to Rs 6,300 per sq.ft in 2024, reflecting an overall increase of +463% over the years.

What is the land classification for N.T.R. Street?

N.T.R. Street is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for N.T.R. Street?

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

How are stamp duty and registration fees calculated for properties in Puliyur?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 63,00,000 would incur a stamp duty of Rs 4,41,000 and a registration fee of Rs 1,26,000.