Guideline Value for Kaliamman koil Ist Street (West)

Kaliamman koil Ist Street (West) guideline value

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

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

The guideline value for Kaliamman koil Ist Street (West) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,960 per sq.ft, which is a 10% increase from the 2023 revision of Rs 3,600 per sq.ft. Prior to that, in 2017, the value was Rs 2,412 per sq.ft, marking a significant increase of 49% over the six-year period leading up to 2023. The 2012 revision also recorded a value of Rs 3,600 per sq.ft, which was a decrease of 33% from the previous figure in 2017.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%, reflecting the changes in the property landscape in this area.

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 for these streets is Rs 3,960 per sq.ft, which aligns with the current guideline value for Kaliamman koil Ist Street (West).

• Kaliamman koil Ist Street (East): Rs 3,960 per sq.ft (2024)
• Kaliamman koil Street: Rs 3,960 per sq.ft (2024)
• Kaliamman koil II nd Street (West): Rs 3,960 per sq.ft (2024)
• Kaliamman koil II nd Street (East): 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 (West)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total fees to 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 our stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Kaliamman koil Ist Street (West) 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 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.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a value that reflects the market conditions. This value is essential for both buyers and sellers to understand the financial implications of their property transactions.

Frequently asked questions

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

The current guideline value for Kaliamman koil Ist Street (West) 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 increased from Rs 2,412 per sq.ft in 2017 to Rs 3,960 per sq.ft in 2024, with various revisions in between, including a notable increase of 49% from 2017 to 2023.

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

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

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Kaliamman koil Ist Street (West) is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can also find additional information online.