Guideline Value for WAHAB STREET

Wahab Street guideline value

The current guideline value of Wahab Street is Rs 6,300 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 - III.

How the guideline value of Wahab Street has changed

The guideline value of Wahab Street has undergone several revisions over the years. In 2002, the value was Rs 683 per sq.ft, which increased to Rs 750 per sq.ft in 2003, marking a 10% rise. The value further increased significantly to Rs 1,650 per sq.ft in 2007, representing a 120% change. By 2012, the value reached Rs 5,800 per sq.ft, a substantial increase of 252%. However, in 2017, it dropped to Rs 3,886 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2024 set the value at Rs 6,300 per sq.ft, which is a 62% increase from the 2017 figure. Notably, there is no figure recorded for this street in 2023.

Guideline values in Puliyur

In Puliyur village, 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 across these streets is Rs 5,800 per sq.ft, placing Wahab Street's 2024 figure above this median.

• West Avenue: Rs 7,100 per sq.ft (2024)
• West Mada Street: Rs 5,300 per sq.ft (2024)
• West Namasivayapuram 1st Street: Rs 3,800 per sq.ft (2024)
• West Namasivayapuram 2nd Street: Rs 3,800 per sq.ft (2024)
• West Namasivayapuram 3rd Street: Rs 3,800 per sq.ft (2024)
• West Namasivayapuram 4th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Wahab Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to 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, bringing the total costs together to Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Wahab Street?

The Sub Registrar Office that covers Wahab 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 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 registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official records. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Wahab Street?

The current guideline value of Wahab Street 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 changed from Rs 683 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, reflecting an overall increase of 822% over the years.

What is the land classification for Wahab Street?

Wahab Street is classified as Residential Special Type - III under the Kodambakkam SRO.

What are the stamp duty rates applicable in Wahab Street?

The stamp duty rate applicable in Wahab Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Wahab Street?

The Kodambakkam Sub Registrar Office covers Wahab Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.