Guideline Value for Chinna Porur Bajanai Koil Street

Chinna Porur Bajanai Koil Street guideline value

The current guideline value of Chinna Porur Bajanai Koil Street is Rs 4,290 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Mixed Special Type - II.

How the guideline value of Chinna Porur Bajanai Koil Street has changed

In the 2012 revision, the guideline value was Rs 3,900 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 2,613 per sq.ft. After that, the value saw a significant increase, reaching Rs 3,900 per sq.ft in the 2023 revision, and then rising to Rs 4,290 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 guideline value for these streets is Rs 3,960 per sq.ft, placing Chinna Porur Bajanai Koil Street's 2024 figure above that median.

• Chinna Porur Gandhi Street: Rs 4,290 per sq.ft (2024)
• Chinna Porur Hospital Cross Street: Rs 4,290 per sq.ft (2024)
• Chinna Porur Hospital Road: Rs 4,290 per sq.ft (2024)
• Chinna Porur Hospital Road lane: Rs 4,290 per sq.ft (2024)
• Chinna Porur Mariamman Koil Street: Rs 4,290 per sq.ft (2024)
• Chinna Porur Nehru Street: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Porur Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value would be Rs 42,90,000. The stamp duty, charged at 7%, would amount to Rs 3,00,300, while the registration fee at 2% would be Rs 85,800. Together, the total cost would be Rs 3,86,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Porur Bajanai Koil Street?

The Sub Registrar Office that covers Chinna Porur Bajanai Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction adheres to the legal requirements set by the Registration Department. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Chinna Porur Bajanai Koil Street?

The current guideline value of Chinna Porur Bajanai Koil Street is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 3,900 per sq.ft in 2012, decreased to Rs 2,613 per sq.ft in 2017, and then increased to Rs 3,900 per sq.ft in 2023, finally reaching Rs 4,290 per sq.ft in 2024.

What is the land classification for Chinna Porur Bajanai Koil Street?

Chinna Porur Bajanai Koil Street is classified as Mixed Special Type - II, which reflects its diverse land use.

What is the registration office for properties in Chinna Porur?

The registration office for properties in Chinna Porur is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Chinna Porur?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,00,300.