Guideline Value for THIRU KUMARAPURAM 4TH STREET

Thiru Kumarapuram 4th Street guideline value

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

How the guideline value of Thiru Kumarapuram 4th Street has changed

The guideline value for Thiru Kumarapuram 4th Street has seen several revisions over the years. In 2002, the value was Rs 605 per sq.ft, which increased to Rs 665 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,050 per sq.ft in 2007, then to Rs 4,000 per sq.ft in 2012. However, it dropped to Rs 2,680 per sq.ft in 2017 before reaching the current value of Rs 4,400 per sq.ft in 2024.

Between the revisions, there were notable changes. From 2002 to 2024, the overall increase was +627%. The most significant increase occurred from 2007 to 2012, which saw a rise of +281%. Conversely, the period from 2012 to 2017 experienced a decrease of -33%. The latest revision in 2024 reflects a +64% increase from the 2017 figure. It is important to note that there is no figure available for this street in the 2023 revision.

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. The guideline value of Thiru Kumarapuram 4th Street is below this median.

• Thiru Kumarapuram 3rd Street: Rs 4,400 per sq.ft (2024)
• Thiru Kumarapuram 5th Street: Rs 4,400 per sq.ft (2024)
• Thiru Kumarapuram 2nd Street: Rs 4,400 per sq.ft (2024)
• Thiru Kumarapuram 1st 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 4th 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 duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiru Kumarapuram 4th Street?

The Sub Registrar Office that covers Thiru Kumarapuram 4th 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 an important factor in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is crucial for calculating the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Thiru Kumarapuram 4th Street?

The current guideline value of Thiru Kumarapuram 4th 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 increased 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 office handles property registrations for Thiru Kumarapuram 4th Street?

The Kodambakkam Sub Registrar Office handles property registrations for Thiru Kumarapuram 4th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur village is Rs 5,800 per sq.ft, with Thiru Kumarapuram 4th Street's value being below this median at Rs 4,400 per sq.ft.