Guideline Value for THIRU NAGAR 3RD STREET

Thiru Nagar 3rd Street guideline value

The current guideline value for Thiru Nagar 3rd Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and falls under the Residential Class III Type - I land classification.

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

The guideline value for Thiru Nagar 3rd Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 710 per sq.ft. This increased to Rs 780 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 1,200 per sq.ft in 2007, which was a 54% increase from the previous year. The 2012 revision set the value at Rs 4,600 per sq.ft, reflecting an impressive 283% increase from 2007. However, the 2017 revision saw a decrease to Rs 3,082 per sq.ft, which was a drop of 33%. The most recent revision in 2024 has brought the guideline value back up to Rs 5,000 per sq.ft, representing a 62% increase from 2017.

It is important to note that there is no figure available for the 2023 revision for Thiru Nagar 3rd Street.

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. The median guideline value in this area is Rs 5,800 per sq.ft, placing the 2024 guideline value of Thiru Nagar 3rd Street below this median.

• Thiru Nagar 4th Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar 5th Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar 6th Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar 7th Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar 2nd Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar 2nd Cross Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees to Rs 4,50,000. 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 further calculations.

Which Sub Registrar Office covers Thiru Nagar 3rd Street?

The Sub Registrar Office that covers Thiru Nagar 3rd 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 essential 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 reflects a fair value according to government standards.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications involved in the transaction, based on the established guideline values.

Frequently asked questions

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

The current guideline value of Thiru Nagar 3rd 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 significantly from Rs 710 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 604% over the years.

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

Thiru Nagar 3rd Street is classified under Residential Class III Type - I land classification.

Where can I find the registration office for Thiru Nagar 3rd Street?

The registration office for Thiru Nagar 3rd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Thiru Nagar 3rd Street?

Stamp duty for properties in Thiru Nagar 3rd Street is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 at a rate of 7%.