Guideline Value for Javahar Nagar Pilliyar Koil Street

Javahar Nagar Pilliyar Koil Street guideline value

The current guideline value of Javahar Nagar Pilliyar Koil Street is Rs 3,960 per sq.ft. This street is located in Porur village under the Kunrathur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Javahar Nagar Pilliyar Koil Street has changed

The guideline value for Javahar Nagar Pilliyar Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 417 per sq.ft. This increased to Rs 505 per sq.ft in 2003, marking a 21% rise. The value saw a significant jump to Rs 1,000 per sq.ft in 2007, which was a 98% increase. By 2012, the value reached Rs 3,600 per sq.ft, reflecting a 260% increase from the previous revision. However, it then decreased by 33% to Rs 2,412 per sq.ft in 2017.

In 2023, the guideline value was Rs 3,600 per sq.ft, and it increased by 10% to reach Rs 3,960 per sq.ft in the 2024 revision, effective from 1 July 2024. Overall, from 2002 to 2024, the guideline value has increased by 850%. There are no figures available for revisions other than those stated for this street.

Guideline values in Porur

In Porur village, 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, which matches the 2024 guideline value for Javahar Nagar Pilliyar Koil Street.

• Jayabharathi nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Jayabharathi nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Jayabharathi Nagar Main Road: Rs 3,520 per sq.ft (2024)
• Irular Colony Lane: Rs 3,520 per sq.ft (2024)
• Irular Colony: Rs 3,520 per sq.ft (2024)
• Hospital Road: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Javahar Nagar Pilliyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty, charged at 7%, would amount to Rs 2,77,200, and the registration fee, charged at 2%, would be Rs 79,200. Together, the total fees would be Rs 3,56,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Javahar Nagar Pilliyar Koil Street?

The Sub Registrar Office that covers Javahar Nagar Pilliyar 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 information.

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

The guideline value is a crucial factor when buying or selling property in Porur. It serves as a benchmark for determining the minimum value of a property, which is essential for calculating stamp duty and registration fees. When a property is sold, the guideline value ensures that the transaction is registered at a fair value according to the local regulations.

During the registration process, the guideline value is used to assess the applicable fees. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to understand the potential costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Javahar Nagar Pilliyar Koil Street?

The current guideline value of Javahar Nagar Pilliyar Koil Street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 417 per sq.ft in 2002 to Rs 3,960 per sq.ft in 2024, reflecting an overall increase of 850% over this period.

What is the land classification for Javahar Nagar Pilliyar Koil Street?

Javahar Nagar Pilliyar Koil Street is classified as Residential Special Type - I under the land classification regulations.

Where can I find the registration office for this area?

The registration office for Javahar Nagar Pilliyar Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a 1,000 sq.ft plot, the total fees amount to Rs 3,56,400.