Guideline Value for THIRU KUMARAPURAM 5TH STREET

Thiru Kumarapuram 5th Street guideline value

The current guideline value of Thiru Kumarapuram 5th 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 5th Street has changed

The guideline value for Thiru Kumarapuram 5th Street has seen several revisions over the years. The earliest recorded figure is from 2003 at Rs 665 per sq.ft, which increased to Rs 1,050 per sq.ft in 2007, marking a rise of 58%. Following this, the value surged to Rs 4,000 per sq.ft in 2012, reflecting a significant increase of 281%. However, between 2012 and 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The most recent revision in 2024 shows a substantial increase to Rs 4,400 per sq.ft, representing a 64% rise from the 2017 figure. Notably, there are no figures available for the years 2023 and 2002.

Overall, from the 2003 revision to the current 2024 figure, the guideline value has increased by 562%. This illustrates the fluctuations in the guideline value over the years, reflecting changes in the local real estate landscape.

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. Thiru Kumarapuram 5th Street's current guideline value is below this median.

• Thiru Kumarapuram 4th Street: Rs 4,400 per sq.ft (2024)
• Thiru Kumarapuram 3rd 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 5th 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, bringing the total fees together to 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru Kumarapuram 5th Street?

The Sub Registrar Office that covers Thiru Kumarapuram 5th 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 when registering property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per the local regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thiru Kumarapuram 5th Street?

The current guideline value of Thiru Kumarapuram 5th 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 665 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 562% over the years.

What are the stamp duty and registration fees for property in Thiru Kumarapuram 5th Street?

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 should I approach for transactions in Thiru Kumarapuram 5th Street?

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

Are there other streets with similar guideline values in Puliyur?

Yes, there are several other streets in Puliyur with the same guideline value of Rs 4,400 per sq.ft, including Thiru Kumarapuram 4th, 3rd, 2nd, and 1st Streets.