Guideline Value

Corporate

Guideline Value for WEST NAMASIVAYAPURAM 4TH STREET

₹3800/sq.ft.

The guideline value for West Namasivayapuram 4th Street in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. 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 N/A
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]
Records for a plot on West Namasivayapuram 4th Street

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West Namasivayapuram 4th Street guideline value

The current guideline value of West Namasivayapuram 4th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, with a land classification of Residential Class IV Type - III.

How the guideline value of West Namasivayapuram 4th Street has changed

The guideline value for West Namasivayapuram 4th Street has experienced several revisions over the years. Starting from Rs 563 per sq.ft in 2002, it increased to Rs 619 per sq.ft in 2003, marking a 10% rise. The value then saw a 45% increase to Rs 900 per sq.ft in 2007, followed by a significant jump of 289% to Rs 3,500 per sq.ft in 2012. However, between 2012 and 2017, the value decreased by 33% to Rs 2,345 per sq.ft. The most recent revision in 2024 shows a substantial increase of 62%, bringing the guideline value to Rs 3,800 per sq.ft.

It is noteworthy that there is no figure available for the year 2023 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 575%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with 2024 guideline values 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, indicating that West Namasivayapuram 4th Street's 2024 figure is below that median.

Stamp duty and registration fee for property in West Namasivayapuram 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers West Namasivayapuram 4th Street?

The Sub Registrar Office that covers West Namasivayapuram 4th 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 crucial factor in property transactions in Puliyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved.

Additionally, the guideline value serves as a reference point for property valuation, helping buyers and sellers understand the worth of a property in the current market. It is essential to consider the guideline value when making any property-related decisions in Puliyur.

Frequently asked questions

What is the current guideline value of West Namasivayapuram 4th Street?

The current guideline value of West Namasivayapuram 4th 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 from Rs 563 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 575% over the years.

What are the other streets in Puliyur with the same guideline value?

Other streets in Puliyur that have the same guideline value of Rs 3,800 per sq.ft in 2024 include West Namasivayapuram 1st, 2nd, 3rd, 5th, 6th, and 7th Streets.

What is the registration fee for properties in West Namasivayapuram 4th Street?

The registration fee for properties in West Namasivayapuram 4th Street is calculated at 2% of the guideline value. For example, for a property valued at Rs 38,00,000, the registration fee would be Rs 76,000.

Which office handles property registrations for this area?

The Kodambakkam Sub Registrar Office handles property registrations for West Namasivayapuram 4th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.