Guideline Value for STATION VIEW ROAD

Station View Road guideline value

The current guideline value of Station View Road in Puliyur village, under the Kodambakkam SRO, is Rs 8,800 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Station View Road has changed

The guideline value for Station View Road has seen significant changes over the years. In the 2002 revision, the value was Rs 1,325 per sq.ft. This increased to Rs 1,455 per sq.ft in 2003, marking a 10% rise. The value continued to rise, reaching Rs 2,500 per sq.ft in 2007, which was a substantial increase of 72%. The 2012 revision saw the value at Rs 8,000 per sq.ft, but this represented a decrease of 33% from the previous figure.

In the 2017 revision, the guideline value rose to Rs 5,360 per sq.ft, reflecting a 49% increase. The most recent revision in 2023 set the value at Rs 8,000 per sq.ft, and the current value of Rs 8,800 per sq.ft in 2024 represents a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 564%.

Guideline values in Puliyur

In Puliyur, there are a total of 648 streets under the Kodambakkam SRO, with guideline values for 2024 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 Station View Road's 2024 figure above this median.

• Subbarao Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Subbarayan Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Subbarayan Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Subbarayan Street, Ch-94: Rs 5,300 per sq.ft (2024)
• Subedar Garden: Rs 4,600 per sq.ft (2024)
• Subramanian Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Station View Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, leading to a total of Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Station View Road?

The Sub Registrar Office that covers Station View Road 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 during the registration of property transactions in Puliyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall costs involved in the transaction. The guideline value is determined by the Registration Department and is subject to periodic revisions.

Frequently asked questions

What is the current guideline value of Station View Road?

The current guideline value of Station View Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How often does the guideline value change?

The guideline value is revised periodically, with the most recent revisions occurring in 2024, 2023, 2017, 2012, 2007, 2003, and 2002.

What was the guideline value in 2017?

The guideline value for Station View Road in 2017 was Rs 5,360 per sq.ft.

Where can I find the registration office for Station View Road?

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

How is stamp duty calculated on property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is typically charged at a rate of 7% for stamp duty and 2% for the registration fee.