Guideline Value for Chinna Porur Mariamman Koil Street

Chinna Porur Mariamman Koil Street guideline value

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

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

The guideline value for Chinna Porur Mariamman Koil Street has seen several revisions over the years. In 2012, the value was Rs 3,900 per sq.ft, which then decreased to Rs 2,613 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,900 per sq.ft in 2023, and most recently, it has risen to Rs 4,290 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the 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 figure for this street for the years 2002, 2003, and 2007.

Guideline values in Porur

In Porur, there are a total of 530 streets under the Kunrathur SRO, with guideline values for 2024 ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value in this area is Rs 3,960 per sq.ft, placing Chinna Porur Mariamman Koil Street's current value above this median.

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

Stamp duty and registration fee for property in Chinna Porur Mariamman 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 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, bringing the total fees to Rs 3,86,100. It is important to note that 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 Mariamman Koil Street?

The Chinna Porur Mariamman Koil 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Porur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

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

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

What is the median guideline value in Porur?

The median guideline value for streets in Porur under the Kunrathur SRO is Rs 3,960 per sq.ft, making Chinna Porur Mariamman Koil Street's value above this median.

What are the stamp duty and registration fees for property in Chinna Porur Mariamman Koil Street?

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 the registration for Chinna Porur Mariamman Koil Street?

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