Guideline Value for THIRU KUMARAPURAM 2ND STREET

Thiru Kumarapuram 2nd Street guideline value

The current guideline value of Thiru Kumarapuram 2nd 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 2nd Street has changed

The guideline value for Thiru Kumarapuram 2nd Street has seen several revisions over the years. In 2002, the guideline value was Rs 605 per sq.ft, which increased to Rs 665 per sq.ft in 2003, marking a 10% rise. The value then experienced a significant increase to Rs 1,050 per sq.ft in 2007, reflecting a 58% change. By 2012, the value remained at Rs 4,000 per sq.ft, but it dropped by 33% to Rs 2,680 per sq.ft in 2017. Following this, the value rose to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 627%. There are no figures available for the revisions in the years not listed in the register for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value 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 Thiru Kumarapuram 2nd Street's 2024 figure below that median.

• Thiru Kumarapuram 1st 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 2nd 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, resulting in a total of Rs 3,96,000. 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 details.

Which Sub Registrar Office covers Thiru Kumarapuram 2nd Street?

The Sub Registrar Office that covers Thiru Kumarapuram 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 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 a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Thiru Kumarapuram 2nd Street?

The current guideline value of Thiru Kumarapuram 2nd 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 from Rs 605 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 627% over this period.

What are the stamp duty and registration fees for properties 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 Sub Registrar Office is responsible for Thiru Kumarapuram 2nd Street?

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

What is the land classification for Thiru Kumarapuram 2nd Street?

Thiru Kumarapuram 2nd Street is classified as Residential Class IV Type - II.