Guideline Value for THIRU VI KA STREET

Thiru VI Ka Street guideline value

The current guideline value of Thiru VI Ka 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), classified as Residential Class III Type - I.

How the guideline value of Thiru VI Ka Street has changed

The guideline value for Thiru VI Ka Street has undergone several revisions over the years. In 2002, the value was Rs 798 per sq.ft, which increased to Rs 877 per sq.ft in 2003, marking a 10% rise. The subsequent revision in 2007 saw a significant jump to Rs 1,200 per sq.ft, reflecting a 37% increase. By 2012, the value rose to Rs 4,600 per sq.ft, a substantial 283% increase from the previous figure. However, in 2017, the value decreased to Rs 3,082 per sq.ft, a decline of 33%. The latest revision in 2024 has set the guideline value at Rs 5,000 per sq.ft, representing a 62% increase from 2017.

It is important to note that there is no figure available for the year 2023 for Thiru VI Ka Street in the register.

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 for Thiru VI Ka Street is below this median.

• Thiru VI Ka Colony: 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)
• Thulkanam Street: Rs 5,800 per sq.ft (2024)
• Thiruvalluvar Street: Rs 5,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru VI Ka 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, bringing the total fees to 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru VI Ka Street?

The Sub Registrar Office that covers Thiru VI Ka Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO here.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that the appropriate taxes are collected based on the established guideline value.

Frequently asked questions

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

The current guideline value of Thiru VI Ka 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 798 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, showing an overall increase of 527% over this period.

What is the land classification for Thiru VI Ka Street?

Thiru VI Ka Street is classified as Residential Class III Type - I under the Kodambakkam SRO.

Where can I find the registration office for Thiru VI Ka Street?

The registration office for Thiru VI Ka Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Thiru VI Ka Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 at 7%.