Guideline Value for Chinna Porur Vallallar Street

Chinna Porur Vallallar Street guideline value

The current guideline value of Chinna Porur Vallallar 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 Vallallar Street has changed

Over the years, the guideline value of Chinna Porur Vallallar Street has seen several revisions. The earliest recorded figure in the register is from 2012, where the guideline value was Rs 3,900 per sq.ft. This value remained unchanged until the 2017 revision, where it decreased significantly to Rs 2,613 per sq.ft, marking a decline of 33%. Subsequently, the value rose to Rs 3,900 per sq.ft in the 2023 revision, reflecting an increase of 49% from the previous figure. The most recent revision in 2024 has set the guideline value at Rs 4,290 per sq.ft, which is a 10% increase from the 2023 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Chinna Porur Vallallar Street. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%, highlighting the fluctuations in property valuation over the years.

Guideline values in Porur

In Porur, there are a total of 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, indicating that Chinna Porur Vallallar Street's 2024 figure is above this median.

• Chinna Porur Nehru Street: Rs 4,290 per sq.ft (2024)
• Chinna Porur Mariamman Koil Street: Rs 4,290 per sq.ft (2024)
• Chinna Porur Hospital Road lane: Rs 4,290 per sq.ft (2024)
• Chinna Porur Hospital Road: 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 Vallallar 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 is calculated at 7%, which totals Rs 3,00,300, while the registration fee is set at 2%, amounting to Rs 85,800. Therefore, the combined total for stamp duty and registration fee 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Porur Vallallar Street?

The Sub Registrar Office that covers Chinna Porur Vallallar Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For further information, you can find your SRO.

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

The guideline value is a crucial factor when registering property in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value, which is essential for maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Chinna Porur Vallallar Street?

The current guideline value of Chinna Porur Vallallar 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 several times, starting from Rs 3,900 per sq.ft in 2012, decreasing to Rs 2,613 per sq.ft in 2017, and then increasing to Rs 3,900 per sq.ft in 2023. The latest revision in 2024 has set it at Rs 4,290 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 3,00,300 and the registration fee is Rs 85,800, making a total of Rs 3,86,100.

Which Sub Registrar Office covers Chinna Porur Vallallar Street?

The Kunrathur Sub Registrar Office covers Chinna Porur Vallallar Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Chinna Porur Vallallar Street?

Chinna Porur Vallallar Street is classified as Mixed Special Type - II, which indicates its zoning and land use regulations within the area.