Guideline Value for RAILWAY STATION ROAD

Railway Station Road guideline value

The current guideline value of Railway Station Road in Puliyur village, under the Kodambakkam SRO, is Rs 8,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Railway Station Road has changed

The guideline value for Railway Station Road has seen several revisions over the years. In 2002, the guideline 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 continued to rise significantly, reaching Rs 2,545 per sq.ft in 2007, which was a 60% increase from the previous revision. In 2012, the value was Rs 7,500 per sq.ft, reflecting a substantial 195% increase from 2007. However, this value dropped by 33% to Rs 5,025 per sq.ft in 2017.

From 2017 to 2023, the guideline value rose by 49% to Rs 7,500 per sq.ft. The most recent revision in 2024 saw another increase of 9%, bringing the current value to Rs 8,200 per sq.ft. There are no figures available for the years not listed in the register for this street.

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 guideline value in this area is Rs 5,800 per sq.ft, making Railway Station Road's 2024 figure above the median.

• Railway Border Street: Rs 8,200 per sq.ft (2024)
• Railway Border Road: Rs 8,800 per sq.ft (2024)
• Raja Gopal Street: Rs 4,600 per sq.ft (2024)
• Raghavan Street: Rs 5,000 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 Station Road

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

Which Sub Registrar Office covers Railway Station Road?

The Railway Station 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 in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Railway Station Road?

The current guideline value of Railway Station Road 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 increased from Rs 1,445 per sq.ft in 2002 to Rs 8,200 per sq.ft in 2024, marking an overall increase of 467% over the years.

What are the stamp duty rates for properties in Puliyur?

The stamp duty rate for properties in Puliyur is 7% of the guideline value or sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

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

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, with Railway Station Road's 2024 figure being above this median.