Guideline Value for THIRU KUMARAPURAM 3RD STREET

Thiru Kumarapuram 3rd Street guideline value

The current guideline value of Thiru Kumarapuram 3rd 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 it falls under the Residential Class IV Type - II land classification.

How the guideline value of Thiru Kumarapuram 3rd Street has changed

The guideline value for Thiru Kumarapuram 3rd Street has seen several revisions over the years. The earliest recorded value was Rs 605 per sq.ft in 2002, which increased to Rs 665 per sq.ft in 2003, marking a 10% rise. In 2007, the value jumped significantly to Rs 1,050 per sq.ft, an increase of 58%. This upward trend continued as the value reached Rs 4,000 per sq.ft in 2012, after a remarkable rise of 281% from the previous revision. However, the guideline value decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, representing a 64% increase from 2017.

It is important to note that there is no figure available for the year 2023 for this street in the register.

Guideline values in Puliyur

In Puliyur village, there are a total of 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 in this area is Rs 5,800 per sq.ft, placing Thiru Kumarapuram 3rd Street's 2024 figure below that median.

• Thiru Kumarapuram 2nd Street: Rs 4,400 per sq.ft (2024)
• Thiru Kumarapuram 4th Street: Rs 4,400 per sq.ft (2024)
• Thiru Kumarapuram 1st 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 3rd 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, while the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru Kumarapuram 3rd Street?

The Thiru Kumarapuram 3rd Street falls under the jurisdiction of 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 in the registration process of property transactions in Puliyur. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly in the official records. It helps in maintaining transparency and consistency in property valuations across the region.

Frequently asked questions

What is the current guideline value of Thiru Kumarapuram 3rd Street?

The current guideline value of Thiru Kumarapuram 3rd 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, showing an overall increase of 627% over the years.

What is the land classification for Thiru Kumarapuram 3rd Street?

Thiru Kumarapuram 3rd Street is classified under Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Thiru Kumarapuram 3rd Street?

The Kodambakkam Sub Registrar Office, which covers Thiru Kumarapuram 3rd Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What factors determine the stamp duty and registration fees?

The stamp duty and registration fees are determined based on the higher of the guideline value or the sale price of the property. This ensures that the fees reflect the actual value of the transaction.