Guideline Value for Eadayar Street

Eadayar Street guideline value

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

How the guideline value of Eadayar Street has changed

The guideline value for Eadayar Street has seen significant changes over the years. In 2002, the value was Rs 176 per sq.ft, which increased to Rs 600 per sq.ft in 2003, marking a substantial rise of 241%. The value continued to grow, reaching Rs 1,000 per sq.ft in 2007, a 67% increase from the previous year. By 2012, the guideline value was Rs 3,200 per sq.ft, showing a remarkable jump of 220% from 2007. However, this figure dropped to Rs 2,144 per sq.ft in 2017, a decline of 33%.

In the following years, the guideline value increased again, reaching Rs 3,200 per sq.ft in 2023, and then rising to Rs 3,520 per sq.ft in 2024, which represents a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1900%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values 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 Eadayar Street's 2024 figure below this median.

• Duraiswamy Nagar Main Road: Rs 3,520 per sq.ft (2024)
• Duraiswamy Nagar 4th Street: Rs 3,960 per sq.ft (2024)
• Duraiswamy Nagar 3rd Street: Rs 3,520 per sq.ft (2024)
• Duraiswamy Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Duraiswamy Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Duraiswamy Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Eadayar 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 be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for these fees to Rs 3,16,800. 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 Eadayar Street?

The Sub Registrar Office that covers Eadayar 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 plays a crucial role in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which can affect the overall cost of the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Eadayar Street?

The current guideline value of Eadayar 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 significantly from Rs 176 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, representing an overall increase of 1900%.

What is the land classification of Eadayar Street?

Eadayar Street is classified as Residential Special Type - II under the Kunrathur SRO.

What are the stamp duty and registration fees for properties in Eadayar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 35,20,000, with stamp duty at Rs 2,46,400 and registration fee at Rs 70,400, totaling Rs 3,16,800.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.