Guideline Value for QUIDA-E-MILLATH STREET

Quida-E-Millath Street guideline value

The current guideline value of Quida-E-Millath Street is Rs 3,800 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 - III.

How the guideline value of Quida-E-Millath Street has changed

The guideline value has undergone several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which saw a significant increase to Rs 3,500 per sq.ft in 2012. This marked a change of +289%. The value remained unchanged at Rs 3,500 per sq.ft until the next revision in 2023, where it increased to Rs 3,800 per sq.ft, reflecting a change of +9%.

Looking at the overall changes, from 2007 to 2024, the guideline value has increased by +322%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2017 for this street.

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 value is Rs 5,800 per sq.ft, placing Quida-E-Millath Street's 2024 figure below this median.

• Radhakrishnan Nagar: Rs 5,000 per sq.ft (2024)
• Ragavan Colony: Rs 7,100 per sq.ft (2024)
• Punjab Garden Street: Rs 6,300 per sq.ft (2024)
• Raghavan Street: Rs 5,000 per sq.ft (2024)
• Puliyur Puram: Rs 3,800 per sq.ft (2024)
• Puliyur Main Road: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Quida-E-Millath Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total cost to Rs 3,42,000. 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 detailed calculations.

Which Sub Registrar Office covers Quida-E-Millath Street?

The Sub Registrar Office that covers Quida-E-Millath Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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 buyers and sellers must pay during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Quida-E-Millath Street?

The current guideline value of Quida-E-Millath Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 900 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2012, then remained the same until it rose to Rs 3,800 per sq.ft in 2023.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, which means that Quida-E-Millath Street's 2024 figure is below this median.

What are the stamp duty rates applicable in Puliyur?

The stamp duty rate in Puliyur is 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Quida-E-Millath Street?

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