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Guideline Value

Corporate

Guideline Value for Balamurugan Koil 4th Street

₹3520/sq.ft.

The guideline value for Balamurugan Koil 4th Street in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Balamurugan Koil 4th Street

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Balamurugan Koil 4th Street guideline value

The current guideline value of Balamurugan Koil 4th Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Balamurugan Koil 4th Street has changed

The guideline value for Balamurugan Koil 4th Street has undergone several revisions over the years. In 2012, the value was Rs 3,200 per sq.ft, which decreased to Rs 2,144 per sq.ft in 2017. This was a decline of 33%. The value then increased significantly to Rs 3,200 per sq.ft in 2023, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a 10% increase.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, placing Balamurugan Koil 4th Street's 2024 figure below this median.

Stamp duty and registration fee for property in Balamurugan Koil 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, while the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balamurugan Koil 4th Street?

The Balamurugan Koil 4th Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Porur. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When registering a property, the guideline value helps determine the financial obligations of the buyer. It is essential to be aware of the current guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Balamurugan Koil 4th Street?

The current guideline value of Balamurugan Koil 4th Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What are the other streets in Porur with similar guideline values?

Other streets in Porur with a guideline value of Rs 3,520 per sq.ft include Balamurugan Koil 1st, 2nd, and 3rd Streets. Additionally, BalaMurugan Nagar and its Arumugam and Raji Streets have a guideline value of Rs 3,960 per sq.ft in 2024.

What is the registration fee for property in Balamurugan Koil 4th Street?

The registration fee for property in Balamurugan Koil 4th Street is calculated based on the guideline value. For example, for a property valued at Rs 35,20,000, the registration fee would be Rs 70,400 at a rate of 2%.

Where can I find the Sub Registrar Office for Balamurugan Koil 4th Street?

The Sub Registrar Office covering Balamurugan Koil 4th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.