Guideline Value for SHYAMALA VADHANA 1ST STREET

Shyamala Vadhana 1st Street guideline value

The current guideline value of Shyamala Vadhana 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - II.

How the guideline value of Shyamala Vadhana 1st Street has changed

The guideline value for Shyamala Vadhana 1st Street has undergone several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 795 per sq.ft. This increased to Rs 873 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 1,650 per sq.ft in 2007, which was a jump of 89%. The 2012 revision brought the value down to Rs 6,500 per sq.ft, reflecting a decrease of 294%. In the 2017 revision, the value rose again to Rs 4,355 per sq.ft, showing an increase of 49%. The most recent 2023 revision set the value at Rs 6,500 per sq.ft, followed by the current value of Rs 7,100 per sq.ft in 2024, which is an increase of 9%.

It is important to note that the register has no figures for the years between these revisions for this street. Overall, from 2002 to 2024, the guideline value has increased by 793%.

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, placing Shyamala Vadhana 1st Street above this median.

• Shyamalavadana Cross Street: Rs 7,100 per sq.ft (2024)
• Shyamala Vadhana 2nd Street: Rs 7,100 per sq.ft (2024)
• Silambu Street: Rs 4,400 per sq.ft (2024)
• Sharpudeen Street: Rs 6,300 per sq.ft (2024)
• Sharkhan Thottam: Rs 6,300 per sq.ft (2024)
• Sivagami Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Shyamala Vadhana 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000. Together, these fees would total Rs 6,39,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shyamala Vadhana 1st Street?

The Sub Registrar Office that covers Shyamala Vadhana 1st 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 when registering property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties agree on a fair transaction price. It is essential for buyers to be aware of the guideline value to ensure they are not overpaying for a property, and sellers should consider it when setting their asking price.

Frequently asked questions

What is the current guideline value of Shyamala Vadhana 1st Street?

The current guideline value of Shyamala Vadhana 1st Street is Rs 7,100 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 795 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 793% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000, and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which office handles property registrations for Shyamala Vadhana 1st Street?

The Kodambakkam Sub Registrar Office handles property registrations for Shyamala Vadhana 1st Street, 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 village is Rs 5,800 per sq.ft, with Shyamala Vadhana 1st Street's value being above this median.