Guideline Value for THIRU NAGAR 1ST CROSS STREET

Thiru Nagar 1st Cross Street guideline value

The current guideline value for Thiru Nagar 1st Cross Street in Puliyur village, under the Kodambakkam SRO, is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class III Type - I.

How the guideline value of Thiru Nagar 1st Cross Street has changed

The guideline value for Thiru Nagar 1st Cross Street has seen several revisions over the years. In 2002, the value was Rs 710 per sq.ft, which increased to Rs 780 per sq.ft in 2003, marking a 10% rise. Following this, the value rose significantly to Rs 1,200 per sq.ft in 2007, reflecting a 54% increase. The 2012 revision saw the value drop to Rs 4,600 per sq.ft, a decrease of 283% from the previous figure. In 2017, the value further adjusted to Rs 3,082 per sq.ft, which was a 33% decline. The guideline value then increased to Rs 4,600 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 5,000 per sq.ft, representing a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 604%. 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, there are a total of 648 streets under the Kodambakkam SRO, with 2024 guideline values 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, making the current value of Thiru Nagar 1st Cross Street below this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru Nagar 1st Cross Street?

The Thiru Nagar 1st Cross Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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 value at which properties 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 buyers and sellers understand the official valuation of the property, which can influence negotiations. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Thiru Nagar 1st Cross Street?

The current guideline value for Thiru Nagar 1st Cross Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 710 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, showing a significant increase over the years.

What was the guideline value in 2023?

In 2023, the guideline value for Thiru Nagar 1st Cross Street was Rs 4,600 per sq.ft.

What is the land classification for Thiru Nagar 1st Cross Street?

Thiru Nagar 1st Cross Street is classified as Residential Class III Type - I.

Where can I find the Kodambakkam Sub Registrar Office?

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