Guideline Value for THIRUVALLUVAR PURAM 1ST STREET

Thiruvalluvar Puram 1st Street guideline value

The current guideline value of Thiruvalluvar Puram 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Thiruvalluvar Puram 1st Street has changed

The guideline value for Thiruvalluvar Puram 1st Street has seen several revisions over the years. The earliest recorded value was Rs 754 per sq.ft in 2002, which increased to Rs 828 per sq.ft in 2003, marking a change of 10%. By 2007, the value surged to Rs 1,500 per sq.ft, reflecting an increase of 81%. The next revision in 2012 set the value at Rs 6,500 per sq.ft, showing a significant rise of 333%. Most recently, the 2024 revision established the current value at Rs 7,100 per sq.ft, which is a 9% increase from 2012.

There are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 842%.

Guideline values in Puliyur

In Puliyur village, there are a total of 648 streets under the Kodambakkam SRO that carry 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, which means that Thiruvalluvar Puram 1st Street's current value is above the median.

• Thiruvalluvar Puram 2nd Street: Rs 7,100 per sq.ft (2024)
• Thiruvalluvar Puram 3rd Street: Rs 7,100 per sq.ft (2024)
• Thiruvalluvar Street: Rs 5,300 per sq.ft (2024)
• Thiruvengadapuram 1st Street: Rs 7,100 per sq.ft (2024)
• Thiruvengadapuram 2nd Street: Rs 7,100 per sq.ft (2024)
• Thiruvengadapuram Main Road: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Puram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000. Together, the total cost for these fees would be Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Puram 1st Street?

The Sub Registrar Office that covers Thiruvalluvar Puram 1st 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 property transactions in Puliyur. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This value ensures that the government collects appropriate taxes based on the property's worth.

When selling a property, the guideline value is also referenced to establish the minimum price at which the property can be registered. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Puram 1st Street?

The current guideline value of Thiruvalluvar Puram 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 754 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, showing an overall increase of 842% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which Sub Registrar Office is responsible for Thiruvalluvar Puram 1st Street?

The Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, is responsible for Thiruvalluvar Puram 1st Street.

What is the land classification for Thiruvalluvar Puram 1st Street?

The land classification for Thiruvalluvar Puram 1st Street is Residential Special Type - II.