Guideline Value for THIRU NAGAR 4TH STREET

Thiru Nagar 4th Street guideline value

The current guideline value of Thiru Nagar 4th Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam Sub Registrar Office (SRO), and is classified as Residential Class III Type - I.

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

The guideline value of Thiru Nagar 4th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 710 per sq.ft, which increased to Rs 780 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,200 per sq.ft in 2007, and further increased to Rs 4,600 per sq.ft in 2012. However, it saw a decline to Rs 3,082 per sq.ft in 2017. The most recent revision in 2024 shows a substantial increase to Rs 5,000 per sq.ft, marking a 62% rise from the 2017 figure.

From 2002 to 2024, the overall increase in guideline value is 604%. The changes between the revisions include a 283% increase from 2007 to 2012, a 54% increase from 2003 to 2007, and a 10% increase from 2002 to 2003. It is important to note that the register has no figure for this street in 2023.

Guideline values in Puliyur

In Puliyur, 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 Nagar 4th Street is below this median.

• Thiru Nagar 3rd 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)
• 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)

Stamp duty and registration fee for property in Thiru Nagar 4th 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 be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru Nagar 4th Street?

The Sub Registrar Office that covers Thiru Nagar 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 a crucial factor when buying or selling property in Puliyur, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration process will rely on the guideline value or the sale price, whichever is higher.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value. This ensures that the government receives appropriate revenue from property transactions, and it is essential for both buyers and sellers to be aware of these costs during the registration process.

Frequently asked questions

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

The current guideline value of Thiru Nagar 4th 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, reflecting an overall increase of 604% over the years.

What is the land classification of Thiru Nagar 4th Street?

Thiru Nagar 4th Street is classified as Residential Class III Type - I, which indicates its suitability for residential development.

Where is the Kodambakkam Sub Registrar Office located?

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

How do stamp duty and registration fees work in Puliyur?

Stamp duty and registration fees in Puliyur are calculated based on the guideline value or the sale price, whichever is higher. These fees are essential for the registration process and must be considered by both buyers and sellers during property transactions.