Guideline Value for Kaliamman koil Ist Street (East)

Kaliamman koil Ist Street (East) guideline value

The current guideline value for Kaliamman koil Ist Street (East) is Rs 3,960 per sq.ft. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Kaliamman koil Ist Street (East) has changed

Looking at the revisions, the guideline value for this street has seen several changes over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which then decreased to Rs 2,412 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 3,600 per sq.ft in 2023, and further rose to Rs 3,960 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that 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 guideline value for 2024, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, which is the same as the guideline value for Kaliamman koil Ist Street (East).

• Kaliamman koil II nd Street (West): Rs 3,960 per sq.ft (2024)
• Kaliamman koil Ist Street (West): Rs 3,960 per sq.ft (2024)
• Kaliamman koil II nd Street (East): Rs 3,960 per sq.ft (2024)
• Kaliamman koil Street: Rs 3,960 per sq.ft (2024)
• Kalappan Nayakkar Street 2nd Lane: Rs 3,520 per sq.ft (2024)
• Kalappan Nayakkar Street 1st Lane: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Kaliamman koil Ist Street (East)

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 at 7% would amount to Rs 2,77,200, while the registration fee at 2% would be Rs 79,200. Together, the total cost for these fees would be Rs 3,56,400. It is important to note that the 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 on fees applicable to your property transaction.

Which Sub Registrar Office covers Kaliamman koil Ist Street (East)?

The Sub Registrar Office that covers Kaliamman koil Ist Street (East) 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 plays a crucial role in property transactions in Porur. It is used as a reference point for determining the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees when completing a property transaction.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Kaliamman koil Ist Street (East)?

The current guideline value for Kaliamman koil Ist Street (East) is Rs 3,960 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, a 10% increase. It was Rs 2,412 per sq.ft in 2017, which was a significant increase from Rs 3,600 per sq.ft in 2012.

What is the land classification for Kaliamman koil Ist Street (East)?

Kaliamman koil Ist Street (East) is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for this street?

The registration office covering Kaliamman koil Ist Street (East) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 39,60,000 would incur a stamp duty of Rs 2,77,200 at a rate of 7%.