Guideline Value for WEST SIVAN KOIL 1ST STREET

West Sivan Koil 1st Street guideline value

The current guideline value of West Sivan Koil 1st Street in Puliyur village, under the Kodambakkam SRO, is Rs 6,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - III land classification.

How the guideline value of West Sivan Koil 1st Street has changed

The guideline value for West Sivan Koil 1st Street has seen several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased dramatically to Rs 5,800 per sq.ft in 2012, marking a rise of 346%. However, from 2012 to 2017, the value decreased to Rs 3,886 per sq.ft, a decline of 33%. The value then rose significantly to Rs 5,800 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 6,300 per sq.ft, a 9% increase from the previous year.

The register has no figures for the years 2002 and 2003 concerning this street. Overall, from 2007 to 2024, the guideline value has increased by 385%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that have 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 Sivan Koil 1st Street is above this median.

• West Sivan Koil 2nd Street: Rs 6,300 per sq.ft (2024)
• West Namasivayapuram 7th Street: Rs 3,800 per sq.ft (2024)
• West Namasivayapuram 6th Street: Rs 3,800 per sq.ft (2024)
• West Namasivayapuram 5th Street: Rs 3,800 per sq.ft (2024)
• West Namasivayapuram 4th Street: Rs 3,800 per sq.ft (2024)
• West Namasivayapuram 3rd Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in West Sivan Koil 1st 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 charges 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers West Sivan Koil 1st Street?

The Kodambakkam Sub Registrar Office covers West Sivan Koil 1st Street, 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 the registration process of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

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 duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of West Sivan Koil 1st 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 significantly, increasing from Rs 1,300 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, which is an overall increase of 385%.

What is the land classification for West Sivan Koil 1st Street?

West Sivan Koil 1st Street is classified as Residential Special Type - III.

Where can I find the Kodambakkam Sub Registrar Office?

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

How is stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value or sale price.