Guideline Value for THIRU NAGAR 6TH STREET

Thiru Nagar 6th Street guideline value

The current guideline value of Thiru Nagar 6th Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Thiru Nagar 6th Street has changed

The guideline value for Thiru Nagar 6th Street has undergone several revisions over the years. Starting from Rs 710 per sq.ft in 2002, it increased to Rs 780 per sq.ft in 2003, marking a 10% increase. The value then saw a significant rise to Rs 1,200 per sq.ft in 2007, which was a 54% increase. Following this, the value surged to Rs 4,600 per sq.ft in 2012, an increase of 283%. However, it dropped to Rs 3,082 per sq.ft in 2017, reflecting a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 5,000 per sq.ft, which is a 62% increase from the 2017 figure.

It is important to note that the register has no figure for Thiru Nagar 6th Street in 2023. Overall, from 2002 to 2024, the guideline value has increased by 604%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, indicating that Thiru Nagar 6th Street's 2024 value is below this median.

• Thiru Nagar 5th Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar 7th Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar 4th Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar 3rd Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar 2nd Street: Rs 5,000 per sq.ft (2024)
• Thiru Nagar Main Road: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Nagar 6th 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, making the total 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru Nagar 6th Street?

The Sub Registrar Office that covers Thiru Nagar 6th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Puliyur

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiru Nagar 6th Street?

The current guideline value of Thiru Nagar 6th 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, reflecting an overall increase of 604% over the years.

What are the stamp duty rates for properties in Thiru Nagar 6th Street?

The stamp duty for properties in Thiru Nagar 6th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Puliyur?

The Kodambakkam Sub Registrar Office handles property registrations in Puliyur, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

Are there other streets with the same guideline value in Puliyur?

Yes, several other streets in Puliyur have the same guideline value of Rs 5,000 per sq.ft, including Thiru Nagar 5th Street, 7th Street, 4th Street, 3rd Street, and 2nd Street.