Guideline Value for RAILWAY BORDER ROAD

Railway Border Road guideline value

The current guideline value of Railway Border Road in Puliyur village is Rs 8,800 per sq.ft, effective from 1 July 2024. This road falls under the Kodambakkam SRO and is classified as Commercial Class I Type - I.

How the guideline value of Railway Border Road has changed

The guideline value for Railway Border Road has seen several revisions over the years. The earliest figure available is from 2002, with a guideline value of Rs 1,445 per sq.ft. This increased to Rs 1,587 per sq.ft in 2003, marking a change of +10%. By 2007, the value rose significantly to Rs 2,545 per sq.ft, reflecting a +60% increase. The 2012 revision saw a decrease to Rs 8,000 per sq.ft, which was a -214% change. However, the value rebounded to Rs 5,360 per sq.ft in 2017, indicating a +33% increase. The most recent revision in 2024 set the guideline value at Rs 8,800 per sq.ft, which represents a +64% increase from 2017. The register has no figure for this street for the year 2023.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, placing Railway Border Road's 2024 figure above this median.

• Railway Border Street: Rs 8,200 per sq.ft (2024)
• Railway Station Road: Rs 8,200 per sq.ft (2024)
• Raghavan Street: Rs 5,000 per sq.ft (2024)
• Raja Gopal Street: Rs 4,600 per sq.ft (2024)
• Ragavan Colony: Rs 7,100 per sq.ft (2024)
• Radhakrishnan Nagar: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Railway Border Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty, calculated at 7%, would be Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000, bringing the total cost to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Railway Border Road?

The Railway Border Road is covered by 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 during property transactions in Puliyur. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately assess the costs involved in the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Railway Border Road?

The current guideline value of Railway Border Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

What was the guideline value in previous years?

The guideline value for Railway Border Road has changed over the years: Rs 1,445 in 2002, Rs 1,587 in 2003, Rs 2,545 in 2007, Rs 8,000 in 2012, Rs 5,360 in 2017, and Rs 8,800 in 2024.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to consider this value when calculating the costs involved in their transactions.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can visit this office for registration-related queries.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, with Railway Border Road's current value being above this median at Rs 8,800 per sq.ft.