Guideline Value for SANKARAPURAM 4TH STREET

Sankarapuram 4th Street guideline value

The current guideline value of Sankarapuram 4th Street is Rs 5,800 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 I Type - I.

How the guideline value of Sankarapuram 4th Street has changed

The guideline value for Sankarapuram 4th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 809 per sq.ft. This increased to Rs 889 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 1,400 per sq.ft in 2007, reflecting a 57% increase. By 2012, the value adjusted to Rs 5,300 per sq.ft, which was a notable 279% increase from the previous figure. However, this was followed by a decrease to Rs 3,551 per sq.ft in 2017, representing a 33% drop. The value then increased to Rs 5,300 per sq.ft in 2023, before reaching the current rate of Rs 5,800 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 617%. The register has no figures for the years not mentioned in the revisions above.

Guideline values in Puliyur

In Puliyur village, 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 guideline value in the village is Rs 5,800 per sq.ft, which is equal to the current figure for Sankarapuram 4th Street.

• Sankarapuram 3rd Street: Rs 5,800 per sq.ft (2024)
• Sankarapuram Main Road: Rs 6,300 per sq.ft (2024)
• Sankarapuram 2nd Street: Rs 5,800 per sq.ft (2024)
• Sankarapuram 1st Street: Rs 5,800 per sq.ft (2024)
• Samayapurathamman Street: Rs 5,000 per sq.ft (2024)
• Sakthi Nagar, Kodambakkam: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sankarapuram 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total 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, making the total cost for these fees Rs 5,22,000. 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 further calculations.

Which Sub Registrar Office covers Sankarapuram 4th Street?

The Sub Registrar Office that covers Sankarapuram 4th 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 plays a crucial role during the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the Registration Department. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sankarapuram 4th Street?

The current guideline value of Sankarapuram 4th Street 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 809 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 617% over the years.

What is the land classification of Sankarapuram 4th Street?

Sankarapuram 4th Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Sankarapuram 4th Street?

The Sub Registrar Office for Sankarapuram 4th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Sankarapuram 4th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 4,06,000.