Guideline Value

Corporate

Guideline Value for WEST NAMASIVAYAPURAM 1ST STREET

₹3800/sq.ft.

The guideline value for West Namasivayapuram 1st Street in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹619 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹563 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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West Namasivayapuram 1st Street guideline value

The current guideline value of West Namasivayapuram 1st Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Class IV Type - III.

How the guideline value of West Namasivayapuram 1st Street has changed

The guideline value for West Namasivayapuram 1st Street has seen several revisions over the years. In 2002, the guideline value was Rs 563 per sq.ft, which increased to Rs 619 per sq.ft in 2003, marking a 10% rise. By 2007, the value jumped significantly to Rs 900 per sq.ft, reflecting a 45% increase. The following revision in 2012 saw the value rise to Rs 3,500 per sq.ft, which was a remarkable 289% increase. However, in 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, followed by the current value of Rs 3,800 per sq.ft in 2024, which is a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 575%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Puliyur

Puliyur village has a total of 648 streets under the Kodambakkam SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing West Namasivayapuram 1st Street's value below this median.

Stamp duty and registration fee for property in West Namasivayapuram 1st Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 38,00,000. The stamp duty at 7% amounts to Rs 2,66,000, and the registration fee at 2% is Rs 76,000, totaling Rs 3,42,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers West Namasivayapuram 1st Street?

The Sub Registrar Office that covers West Namasivayapuram 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 further assistance.

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

The guideline value is a crucial factor during property registration in Puliyur. It serves as the base value for determining stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

When buying or selling a property, the guideline value helps both parties understand the minimum value for which the property can be registered. This value is essential for legal documentation and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of West Namasivayapuram 1st Street?

The current guideline value of West Namasivayapuram 1st Street is Rs 3,800 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 563 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 575% over the years.

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

For a property valued at Rs 38,00,000, the stamp duty is Rs 2,66,000 and the registration fee is Rs 76,000, totaling Rs 3,42,000.

Which office handles registrations for West Namasivayapuram 1st Street?

The Kodambakkam Sub Registrar Office handles registrations for West Namasivayapuram 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for West Namasivayapuram 1st Street?

West Namasivayapuram 1st Street is classified as Residential Class IV Type - III, indicating its suitability for residential development.