Guideline Value for THIRU NAGAR MAIN ROAD

Thiru Nagar Main Road guideline value

The current guideline value of Thiru Nagar Main Road is Rs 6,300 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of Thiru Nagar Main Road has changed

The guideline value for Thiru Nagar Main Road has seen several revisions over the years. In 2003, the guideline value was Rs 780 per sq.ft, which increased to Rs 1,400 per sq.ft in 2007. This marked a significant rise of 79%. The value then surged dramatically to Rs 5,800 per sq.ft in 2012, reflecting an increase of 314%. The value remained unchanged at Rs 5,800 per sq.ft until the next revision in 2023.

In 2023, the guideline value was revised to Rs 5,800 per sq.ft, and then it increased by 9% to Rs 6,300 per sq.ft in 2024. Overall, from 2003 to 2024, the guideline value has increased by 708%. The register does not provide figures for the years 2002 and 2017 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, making the guideline value of Thiru Nagar Main Road above this median.

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

Stamp duty and registration fee for property in Thiru Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, making the total fees together Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thiru Nagar Main Road?

The Sub Registrar Office that covers Thiru Nagar Main Road 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 property transactions in Puliyur, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is essential for both buyers and sellers to be aware of the guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Thiru Nagar Main Road?

The current guideline value of Thiru Nagar Main Road is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 780 per sq.ft in 2003 to Rs 6,300 per sq.ft in 2024, showing an overall increase of 708% over the years.

What are the stamp duty and registration fees for properties in Thiru Nagar Main Road?

For a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000 and the registration fee would be Rs 1,26,000, totaling Rs 5,67,000.

Which Sub Registrar Office is responsible for Thiru Nagar Main Road?

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

What is the land classification of Thiru Nagar Main Road?

Thiru Nagar Main Road is classified as Residential Special Type - III, indicating its designation for residential development.