Guideline Value for Chinna Porur Hospital Road

Chinna Porur Hospital Road guideline value

The current guideline value of Chinna Porur Hospital Road is Rs 4,290 per sq.ft, effective from 1 July 2024. This road is located in Porur village under the Kunrathur SRO, and the land classification is Mixed Special Type - II.

How the guideline value of Chinna Porur Hospital Road has changed

Over the years, the guideline value for Chinna Porur Hospital Road has seen several revisions. The 2012 revision set the value at Rs 3,900 per sq.ft, which was then reduced to Rs 2,613 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,900 per sq.ft, and the most recent 2024 revision raised it further to Rs 4,290 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the shift from 2017 to 2023 was significant at +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 value is Rs 3,960 per sq.ft, and Chinna Porur Hospital Road's 2024 figure is above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 4,290 per sq.ft, the guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, totaling Rs 3,86,100. It is important to note that 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 details.

Which Sub Registrar Office covers Chinna Porur Hospital Road?

The Sub Registrar Office covering Chinna Porur Hospital Road is 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 property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Chinna Porur Hospital Road, the guideline value will influence the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. The guideline value serves as a benchmark for the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Chinna Porur Hospital Road?

The current guideline value of Chinna Porur Hospital Road 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 changed from Rs 3,900 per sq.ft in 2012 to Rs 2,613 per sq.ft in 2017, then back to Rs 3,900 in 2023, and finally to Rs 4,290 in 2024.

What is the land classification for Chinna Porur Hospital Road?

The land classification for Chinna Porur Hospital Road is Mixed Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 42,90,000, the stamp duty would be Rs 3,00,300 and the registration fee would be Rs 85,800, totaling Rs 3,86,100.

Which office handles property registration for Chinna Porur Hospital Road?

The Kunrathur Sub Registrar Office handles property registration for Chinna Porur Hospital Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.