Guideline Value for SHYAMALA VADHANA 2ND STREET

Shyamala Vadhana 2nd Street guideline value

The current guideline value of Shyamala Vadhana 2nd Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, and it is classified as Residential Special Type - II.

How the guideline value of Shyamala Vadhana 2nd Street has changed

The guideline value for Shyamala Vadhana 2nd Street has undergone several revisions over the years. The earliest recorded value was Rs 795 per sq.ft in 2002, which increased to Rs 873 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 1,650 per sq.ft in 2007, then jumped to Rs 6,500 per sq.ft in 2012. However, it decreased to Rs 4,355 per sq.ft in 2017, before increasing again to Rs 6,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 7,100 per sq.ft.

In terms of percentage changes, from 2002 to 2024, the guideline value has increased by 793%. The change from 2023 to 2024 is an increase of 9%, while the increase from 2017 to 2023 was 49%. The value decreased by 33% from 2012 to 2017, and there was a notable increase of 294% from 2007 to 2012. The increase from 2003 to 2007 was 89%, and from 2002 to 2003, it was 10%. There are no figures available for revisions prior to 2002 or for any other years not listed.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Shyamala Vadhana 2nd Street's 2024 figure above this median.

• Shyamala Vadhana 1st Street: Rs 7,100 per sq.ft (2024)
• Shyamalavadana Cross 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 2nd 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, bringing the total fees to Rs 6,39,000. 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 Shyamala Vadhana 2nd Street?

The Sub Registrar Office that covers Shyamala Vadhana 2nd 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Puliyur. It helps determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers should be aware that the guideline value is used as a basis for calculating these fees.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Shyamala Vadhana 2nd Street?

The current guideline value of Shyamala Vadhana 2nd 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, marking an overall increase of 793% over this period.

What is the registration office for Shyamala Vadhana 2nd Street?

The registration office for Shyamala Vadhana 2nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

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

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is set at 2% of the same value.

Where can I find more information about the guideline values in Puliyur?

For more information about the guideline values in Puliyur, you can refer to the Registration Department's guideline value register or check the specific values for other streets in the area.