Guideline Value for RAILWAY BORDER STREET

Railway Border Street guideline value

The current guideline value of Railway Border Street in Puliyur village, under the Kodambakkam SRO, is Rs 8,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - I land classification.

How the guideline value of Railway Border Street has changed

The guideline value for Railway Border Street has seen significant changes over the years. In the 2002 revision, the value was Rs 1,445 per sq.ft. This increased to Rs 1,587 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 2,545 per sq.ft in 2007, reflecting a 60% increase. The 2012 revision saw a decrease to Rs 7,500 per sq.ft, which was a 195% increase from the previous figure. In 2017, it further increased to Rs 5,025 per sq.ft, a decline of 33%. The value then rose to Rs 7,500 per sq.ft in 2023, showing a 49% increase. Finally, the current value is Rs 8,200 per sq.ft as per the 2024 revision, which is a 9% increase from the previous year.

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, with a median value of Rs 5,800 per sq.ft. Railway Border Street's 2024 figure is above this median.

• Railway Border Road: Rs 8,800 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, making the total Rs 7,38,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Railway Border Street?

The Sub Registrar Office that covers Railway Border 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 crucial factor in property transactions in Puliyur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Railway Border Street?

The current guideline value of Railway Border Street is Rs 8,200 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 1,445 per sq.ft in 2002 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 467% over the years.

What are the stamp duty and registration fees for property in Railway Border Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 7,38,000.

Which Sub Registrar Office covers Railway Border Street?

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

What is the land classification for Railway Border Street?

Railway Border Street falls under the Residential Special Type - I land classification, which is important for understanding its usage and development potential.