Guideline Value for Kaliamman koil Street

Kaliamman koil Street guideline value

The current guideline value of Kaliamman koil Street in Porur village, under the Kunrathur SRO, is Rs 3,960 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - I.

How the guideline value of Kaliamman koil Street has changed

Over the years, the guideline value of Kaliamman koil Street has seen significant changes. In 2002, the guideline value was Rs 219 per sq.ft. This increased to Rs 500 per sq.ft in 2003, marking a 128% rise. The value further increased to Rs 1,000 per sq.ft in 2007, reflecting a 100% change. In 2012, the value was Rs 3,600 per sq.ft, showing a substantial increase of 260% from the previous revision. However, it dropped to Rs 2,412 per sq.ft in 2017, a decrease of 33%. The guideline value then rose to Rs 3,600 per sq.ft in 2023, before reaching the current figure of Rs 3,960 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,708%. The register has no figure for the years not mentioned in the revisions listed above.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO carrying 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 is equal to the 2024 figure for Kaliamman koil Street.

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

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 and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaliamman koil Street?

The Sub Registrar Office that covers Kaliamman 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 an essential factor when buying or selling property in Porur. It serves as a baseline for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kaliamman koil Street?

The current guideline value of Kaliamman 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 increased significantly from Rs 219 per sq.ft in 2002 to Rs 3,960 per sq.ft in 2024, reflecting an overall increase of 1,708% over this period.

What is the land classification for Kaliamman koil Street?

The land classification for Kaliamman koil Street is Residential Special Type - I.

Where can I find the registration office for Kaliamman koil Street?

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

How is stamp duty calculated for properties in Kaliamman koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 3,56,400, including both stamp duty and registration fees.