Guideline Value for THIRU VI KA COLONY

Thiru VI Ka Colony guideline value

The current guideline value of Thiru VI Ka Colony in Puliyur village is Rs 5,000 per sq.ft, effective from 1 July 2024. This area falls under the Kodambakkam SRO and is classified as Residential Class III Type - I.

How the guideline value of Thiru VI Ka Colony has changed

The guideline value for Thiru VI Ka Colony has undergone several revisions over the years. In 2002, the value was Rs 839 per sq.ft, which saw a gradual increase to Rs 922 per sq.ft in 2003. The value then rose significantly to Rs 1,200 per sq.ft in 2007, followed by a substantial increase to Rs 4,600 per sq.ft in 2012. However, there was a decline to Rs 3,082 per sq.ft in 2017. The value then increased to Rs 4,600 per sq.ft in 2023 before reaching the current figure of Rs 5,000 per sq.ft in 2024.

Between these revisions, notable changes include a 9% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a significant 283% increase from 2007 to 2012. The overall change from 2002 to 2024 is an increase of 496%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values 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, placing Thiru VI Ka Colony's 2024 figure below this median.

• Thiru VI Ka Street: Rs 5,000 per sq.ft (2024)
• Thiruvengadapuram Main Road: Rs 7,100 per sq.ft (2024)
• Thiruvengadapuram 2nd Street: Rs 7,100 per sq.ft (2024)
• Thiruvengadapuram 1st Street: Rs 7,100 per sq.ft (2024)
• Thiruvalluvar Street: Rs 5,300 per sq.ft (2024)
• Thulkanam Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru VI Ka Colony

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 cost to Rs 4,50,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Thiru VI Ka Colony?

The Thiru VI Ka Colony is covered by 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. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is an official rate set by the government, and it helps ensure that the appropriate taxes are collected during the registration process.

When selling property, the guideline value can also influence the sale price. Sellers may use the guideline value to set a competitive price, ensuring that it aligns with the official rates established by the government. This can help in facilitating a smoother transaction process.

Frequently asked questions

What is the current guideline value of Thiru VI Ka Colony?

The current guideline value of Thiru VI Ka Colony 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 839 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, showing significant increases and some decreases in between.

What is the median guideline value in Puliyur?

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

What are the stamp duty rates for properties in Thiru VI Ka Colony?

The stamp duty rate for properties in Thiru VI Ka Colony is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about the Kodambakkam SRO?

You can find more information about the Kodambakkam Sub Registrar Office at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, or by using the find your SRO link.