Guideline Value for TAYLORS ESTATE 3RD STREET

Taylors Estate 3rd Street guideline value

The current guideline value of Taylors Estate 3rd 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 falls under the land classification of Residential Special Type - II.

How the guideline value of Taylors Estate 3rd Street has changed

The guideline value for Taylors Estate 3rd Street has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, this figure decreased to Rs 4,355 per sq.ft in 2017. The 2023 revision set the value at Rs 6,500 per sq.ft, and the most recent revision in 2024 has raised it to Rs 7,100 per sq.ft. There are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 49%, while the jump from 2023 to 2024 was 9%. The overall change from 2007 to 2024 reflects a substantial increase of 255%, highlighting the fluctuations in the guideline value over time.

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. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Taylors Estate 3rd Street's 2024 figure above this median.

• Taylors Estate 2nd Street: Rs 7,100 per sq.ft (2024)
• Taylors Estate 1st 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 3rd 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 be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, resulting in a total of Rs 6,39,000. 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 Taylors Estate 3rd Street?

The Sub Registrar Office that covers Taylors Estate 3rd 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 additional 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 serves as a benchmark for calculating stamp duty and registration fees, ensuring that they are based on a standardized assessment of property values.

When buying or selling property, the guideline value is referenced to determine the applicable charges. Buyers should be aware that these charges are calculated on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Taylors Estate 3rd Street?

The current guideline value of Taylors Estate 3rd 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 from Rs 2,000 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 255% over the years.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, with Taylors Estate 3rd Street's 2024 figure being above this median.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in this area is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Taylors Estate 3rd Street?

The Sub Registrar Office for Taylors Estate 3rd Street is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.