Guideline Value for TAYLORS ESTATE 1ST STREET

Taylors Estate 1st Street guideline value

The current guideline value of Taylors Estate 1st Street in Puliyur village, under the Kodambakkam SRO, is Rs 7,100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - II land classification.

How the guideline value of Taylors Estate 1st Street has changed

The guideline value for Taylors Estate 1st Street has undergone several revisions over the years. In 2003, the value was Rs 1,386 per sq.ft, which increased to Rs 2,000 per sq.ft in 2007. This was followed by a significant rise to Rs 6,500 per sq.ft in 2012, but it then decreased to Rs 4,355 per sq.ft in 2017. The value saw a substantial increase to Rs 6,500 per sq.ft in 2023, and finally, it is now set at Rs 7,100 per sq.ft for the 2024 revision. The register has no figure for this street in 2002.

Between the revisions, the changes were notable. From 2003 to 2007, the value increased by 44%, while from 2007 to 2012, it surged by 225%. However, the value dropped by 33% from 2012 to 2017. A significant increase of 49% occurred from 2017 to 2023, and the latest revision shows a 9% rise from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 412%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. Taylors Estate 1st Street's 2024 figure is above this median.

• Taylors Estate 2nd Street: Rs 7,100 per sq.ft (2024)
• Taylors Estate 3rd Street: Rs 7,100 per sq.ft (2024)
• Tank Street (U.I. Colony): Rs 8,200 per sq.ft (2024)
• Tambaiah Road: Rs 11,000 per sq.ft (2024)
• Tambaiah Extension: Rs 11,000 per sq.ft (2024)
• Thailamall Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Taylors Estate 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 amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Taylors Estate 1st Street?

The Sub Registrar Office that covers Taylors Estate 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 plays a crucial role during the registration of property transactions in Puliyur. It is used to determine the stamp duty and registration fees applicable on the property being bought or sold, ensuring that the correct amounts are levied based on the established rates.

When a property is registered, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Taylors Estate 1st Street?

The current guideline value of Taylors Estate 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 1,386 per sq.ft in 2003 to Rs 7,100 per sq.ft in 2024, showing an overall increase of 412% over this period.

What are the other streets in Puliyur with similar guideline values?

Other streets in Puliyur with similar guideline values include Taylors Estate 2nd Street and Taylors Estate 3rd Street, both at Rs 7,100 per sq.ft in 2024.

What fees are associated with buying property in Taylors Estate 1st Street?

When buying property, fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Taylors Estate 1st Street?

The Kodambakkam Sub Registrar Office covers Taylors Estate 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.