Guideline Value for WEST NAMASIVAYAPURAM 5TH STREET

West Namasivayapuram 5th Street guideline value

The current guideline value of West Namasivayapuram 5th 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 5th Street has changed

The guideline value for West Namasivayapuram 5th Street has undergone 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 change of +10%. The value saw a significant rise to Rs 900 per sq.ft in 2007, an increase of +45%. By 2012, the value reached Rs 3,500 per sq.ft, reflecting a substantial jump of +289% from 2007. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, a decline of -33%. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, which is an increase of +62% from 2017. The register has no figure for this street for the year 2023.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value of West Namasivayapuram 5th Street is below this median.

• West Namasivayapuram 4th Street: Rs 3,800 per sq.ft (2024)
• West Namasivayapuram 6th Street: Rs 3,800 per sq.ft (2024)
• West Namasivayapuram 3rd Street: Rs 3,800 per sq.ft (2024)
• West Namasivayapuram 7th Street: Rs 3,800 per sq.ft (2024)
• West Namasivayapuram 2nd Street: Rs 3,800 per sq.ft (2024)
• West Namasivayapuram 1st Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in West Namasivayapuram 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, while the registration fee at 2% would be Rs 76,000, bringing the total cost for these fees to Rs 3,42,000. 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 detailed calculations.

Which Sub Registrar Office covers West Namasivayapuram 5th Street?

The Sub Registrar Office that covers West Namasivayapuram 5th 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 base value 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 compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of West Namasivayapuram 5th Street?

The current guideline value of West Namasivayapuram 5th 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 over the years, starting from Rs 563 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, representing an overall increase of +575%.

What is the land classification for West Namasivayapuram 5th Street?

The land classification for West Namasivayapuram 5th Street is Residential Class IV Type - III.

Where is the Kodambakkam Sub Registrar Office located?

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

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is charged at 7% and the registration fee at 2% based on the higher of the guideline value or the sale price. For a property valued at Rs 38,00,000, the total fees would amount to Rs 3,42,000.