Guideline Value for TAYLORS ESTATE 2ND STREET

Taylors Estate 2nd Street guideline value

The current guideline value of Taylors Estate 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 is classified as Residential Special Type - II.

How the guideline value of Taylors Estate 2nd Street has changed

The guideline value for Taylors Estate 2nd Street has undergone several revisions over the years. In 2003, the guideline value was Rs 1,386 per sq.ft. This increased to Rs 2,000 per sq.ft in 2007, marking a significant rise of 44%. The value then surged to Rs 6,500 per sq.ft in 2012, reflecting a remarkable increase of 225%. However, it saw a decrease to Rs 4,355 per sq.ft in 2017, which was a drop of 33%. The value rose again to Rs 6,500 per sq.ft in 2023, and finally reached Rs 7,100 per sq.ft in the 2024 revision, showing an increase of 9% from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 412%.

Guideline values in Puliyur

In Puliyur village, 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 2nd Street's 2024 guideline value is above this median.

• Taylors Estate 1st 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 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, while the registration fee at 2% would be Rs 1,42,000, bringing the total cost for these fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Taylors Estate 2nd Street?

The Sub Registrar Office that covers Taylors Estate 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 plays a crucial role in property transactions in Puliyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and legally.

Additionally, the guideline value helps in assessing the fair value of properties within the locality, providing a benchmark for buyers and sellers during negotiations. It is essential to be aware of the current guideline value to make informed decisions in property transactions.

Frequently asked questions

What is the current guideline value of Taylors Estate 2nd Street?

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

What is the land classification for Taylors Estate 2nd Street?

Taylors Estate 2nd Street is classified as Residential Special Type - II, indicating its suitability for residential purposes.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total fees would amount to Rs 6,39,000.

Where can I find the Sub Registrar Office for Taylors Estate 2nd Street?

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