Guideline Value for THIRU NAGAR 5TH STREET

Thiru Nagar 5th Street guideline value

The current guideline value of Thiru Nagar 5th 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 is classified as Residential Class III Type - I.

How the guideline value of Thiru Nagar 5th Street has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the value was Rs 710 per sq.ft, which increased to Rs 780 per sq.ft in 2003. Following this, the value rose to Rs 1,200 per sq.ft in 2007, and then surged to Rs 4,600 per sq.ft in 2012, marking a substantial increase of 283%. However, from 2012 to 2017, the value decreased to Rs 3,082 per sq.ft, a decline of 33%. The most recent revision in 2024 has set the guideline value at Rs 5,000 per sq.ft, reflecting a 62% increase from 2017.

Notably, there is no figure available for the year 2023 for Thiru Nagar 5th Street. Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 604%.

Guideline values in Puliyur

In Puliyur, there are 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 for these streets is Rs 5,800 per sq.ft, placing Thiru Nagar 5th Street's 2024 figure below this median.

• Thiru Nagar 4th Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar 6th Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar 3rd 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 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the 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, bringing the total to Rs 4,50,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru Nagar 5th Street?

The Sub Registrar Office that covers Thiru Nagar 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 plays a crucial role in the registration of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. It is essential for both buyers and sellers 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 of Thiru Nagar 5th Street?

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

How has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 710 per sq.ft to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 604%.

What is the stamp duty on property in Thiru Nagar 5th Street?

The stamp duty on property in Thiru Nagar 5th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thiru Nagar 5th Street located?

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

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, which is higher than the current guideline value of Thiru Nagar 5th Street.