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Guideline Value

Corporate

Guideline Value for SAKTHI NAGAR 4TH STREET. CHOOLAIMEDU

₹5800/sq.ft.

The guideline value for Sakthi Nagar 4th Street. Choolaimedu in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 5800 per sq.ft, effective 1 July 2024. It was Rs 5300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5800 /sq.ft.
From 1-4-2023 ₹5300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3551 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sakthi Nagar 4th Street. Choolaimedu

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Sakthi Nagar 4th Street. Choolaimedu guideline value

The current guideline value for Sakthi Nagar 4th Street. Choolaimedu is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Sakthi Nagar 4th Street. Choolaimedu has changed

The guideline value for Sakthi Nagar 4th Street has undergone several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 5,300 per sq.ft in 2012, marking an increase of 308%. However, the value then decreased to Rs 3,551 per sq.ft in 2017, a decline of 33%. The value saw a substantial rise to Rs 5,300 per sq.ft in 2023, followed by a further increase to Rs 5,800 per sq.ft in 2024, reflecting a 9% increase.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 346%. The register has no figures for the years 2002 and 2003 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, which is equal to the current value of Sakthi Nagar 4th Street. Choolaimedu.

Stamp duty and registration fee for property in Sakthi Nagar 4th Street. Choolaimedu

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, the guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, totaling Rs 5,22,000. 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 Sakthi Nagar 4th Street. Choolaimedu?

The Sub Registrar Office that covers Sakthi Nagar 4th Street. Choolaimedu 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 an essential factor during the registration of property transactions in Puliyur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sakthi Nagar 4th Street. Choolaimedu?

The current guideline value of Sakthi Nagar 4th Street. Choolaimedu is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, marking an overall increase of 346%. The value has seen fluctuations, including a decrease from 2012 to 2017.

What is the land classification for Sakthi Nagar 4th Street. Choolaimedu?

Sakthi Nagar 4th Street. Choolaimedu is classified as Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office covering Sakthi Nagar 4th Street. Choolaimedu is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rates are 7% for stamp duty and 2% for the registration fee.