Guideline Value for THIRUVALLUVAR PURAM 2ND STREET

Thiruvalluvar Puram 2nd Street guideline value

The current guideline value of Thiruvalluvar Puram 2nd Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Thiruvalluvar Puram 2nd Street has changed

The guideline value for Thiruvalluvar Puram 2nd Street has seen significant changes over the years. In 2002, the value was Rs 696 per sq.ft, which increased to Rs 765 per sq.ft in 2003, marking a 10% rise. By 2007, the value jumped to Rs 1,500 per sq.ft, a substantial increase of 96%. The 2012 revision brought the value to Rs 6,500 per sq.ft, reflecting a remarkable growth of 333%. The most recent revision in 2024 set the guideline value at Rs 7,100 per sq.ft, which is a 9% increase from 2012.

It is important to note that 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 920%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a guideline value for 2024, 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, making the guideline value of Thiruvalluvar Puram 2nd Street above the median.

• Thiruvalluvar Puram 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, resulting in a total of Rs 6,39,000. 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 Thiruvalluvar Puram 2nd Street?

The Sub Registrar Office that covers Thiruvalluvar Puram 2nd 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the property is not undervalued during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are charged based on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Puram 2nd Street?

The current guideline value of Thiruvalluvar Puram 2nd 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 changed significantly from Rs 696 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, representing an overall increase of 920% across the years.

What is the registration office for Thiruvalluvar Puram 2nd Street?

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

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 6,39,000.

Are there other streets in Puliyur with similar guideline values?

Yes, there are several other streets in Puliyur with similar guideline values, including Thiruvalluvar Puram 1st Street and Thiruvengadapuram 1st Street, both also at Rs 7,100 per sq.ft in 2024.