Guideline Value for THIRU KUMARAPURAM 1ST STREET

Thiru Kumarapuram 1st Street guideline value

The current guideline value of Thiru Kumarapuram 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Thiru Kumarapuram 1st Street has changed

The guideline value for Thiru Kumarapuram 1st Street has seen several revisions over the years. Starting from Rs 605 per sq.ft in 2002, it increased to Rs 665 per sq.ft in 2003. The value then rose significantly to Rs 1,050 per sq.ft in 2007, followed by a substantial jump to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017, before climbing back to Rs 4,000 per sq.ft in 2023, and finally reaching Rs 4,400 per sq.ft in 2024.

Between these revisions, there have been notable changes. From 2002 to 2003, the increase was 10%. The value surged by 58% from 2003 to 2007. The rise from 2007 to 2012 was 281%, while the value dropped by 33% from 2012 to 2017. The increase from 2017 to 2023 was 49%, and the latest revision from 2023 to 2024 shows a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 627%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, indicating that Thiru Kumarapuram 1st Street's 2024 figure is below this median.

• Thiru Kumarapuram 2nd Street: Rs 4,400 per sq.ft (2024)
• Thiru Kumarapuram 3rd Street: Rs 4,400 per sq.ft (2024)
• Thiru Kumarapuram 4th Street: Rs 4,400 per sq.ft (2024)
• Thiru Kumarapuram 5th Street: Rs 4,400 per sq.ft (2024)
• Thiru Nagar 1st Cross Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar 1st Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Kumarapuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiru Kumarapuram 1st Street?

The Sub Registrar Office that covers Thiru Kumarapuram 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 is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thiru Kumarapuram 1st Street?

The current guideline value of Thiru Kumarapuram 1st Street is Rs 4,400 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 605 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 627% over the years.

What is the land classification for Thiru Kumarapuram 1st Street?

Thiru Kumarapuram 1st Street is classified as Residential Class IV Type - II.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Thiru Kumarapuram 1st Street?

The Kodambakkam Sub Registrar Office handles property registrations for Thiru Kumarapuram 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.