Guideline Value for SANKARAPURAM MAIN ROAD

Sankarapuram Main Road guideline value

The current guideline value of Sankarapuram Main Road is Rs 6,300 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village under the Kodambakkam SRO, with a land classification of Residential Special Type - III.

How the guideline value of Sankarapuram Main Road has changed

The guideline value for Sankarapuram Main Road has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 809 per sq.ft. This increased to Rs 889 per sq.ft in 2003, marking a change of +10%. In 2007, the guideline value saw a significant rise to Rs 1,500 per sq.ft, which was an increase of +69%. The 2012 revision maintained the value at Rs 5,800 per sq.ft, showing no change from the previous figure. The next revision in 2023 also kept the value at Rs 5,800 per sq.ft, indicating stability in the guideline value during this period.

However, the most recent revision in 2024 saw a notable increase to Rs 6,300 per sq.ft, reflecting a change of +9% from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by +679%.

Guideline values in Puliyur

In Puliyur village, 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 the 2024 figure for Sankarapuram Main Road above this median.

• Sankarapuram 4th Street: Rs 5,800 per sq.ft (2024)
• Sankarapuram 3rd Street: Rs 5,800 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 Main Road

For a 1,000 sq.ft plot at the current rate of Rs 6,300 per sq.ft, the guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total to Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sankarapuram Main Road?

The Sub Registrar Office that covers Sankarapuram Main Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Puliyur

The guideline value is a crucial factor 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 registered, the guideline value is used to calculate the applicable duties, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Sankarapuram Main Road?

The current guideline value of Sankarapuram Main Road is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 809 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, reflecting an overall increase of +679% over the years.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, which is below the current value of Sankarapuram Main Road.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Sankarapuram Main Road is 7%, which is applied to the higher of the guideline value or the sale price during registration.

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.