Guideline Value for Kuyapettai 1st Street

Kuyapettai 1st Street guideline value

The current guideline value of Kuyapettai 1st Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Mixed Special Type - I.

How the guideline value of Kuyapettai 1st Street has changed

The guideline value for Kuyapettai 1st Street has seen several revisions over the years. In 2002, the value was Rs 459 per sq.ft, which increased to Rs 508 per sq.ft in 2003. The value then rose significantly to Rs 1,000 per sq.ft in 2007, reflecting a change of +97%. Following this, the value increased to Rs 4,500 per sq.ft in 2012, marking a substantial increase of +350%. However, it decreased to Rs 3,015 per sq.ft in 2017, a drop of -33%. The value then rose again to Rs 4,500 per sq.ft in 2023, and most recently, it has been set at Rs 4,950 per sq.ft in 2024, representing a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +978%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Porur

In Porur, 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, placing Kuyapettai 1st Street's current value above this median.

• Kuyapettai 2nd Street: Rs 2,860 per sq.ft (2024)
• Kurunji Nagar Rathi Street: Rs 2,860 per sq.ft (2024)
• Kurunji Nagar Main Road: Rs 2,860 per sq.ft (2024)
• Kurunji Nagar: Rs 2,860 per sq.ft (2024)
• Kurinji Nagar Thamarai Street: Rs 2,860 per sq.ft (2024)
• Kurinji nagar Roja Street: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Kuyapettai 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. It is important to note that 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 Kuyapettai 1st Street?

The Kuyapettai 1st Street falls under the jurisdiction of 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 in the registration process of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the guideline value is used to assess the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. It is essential to consider the guideline value when planning any property-related dealings in the area.

Frequently asked questions

What is the current guideline value of Kuyapettai 1st Street?

The current guideline value of Kuyapettai 1st Street is Rs 4,950 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 459 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of +978% over the years.

What are the other streets in Porur with their guideline values?

Other streets in Porur include Kuyapettai 2nd Street, Kurunji Nagar Rathi Street, Kurunji Nagar Main Road, Kurunji Nagar, Kurinji Nagar Thamarai Street, and Kurinji nagar Roja Street, all valued at Rs 2,860 per sq.ft for 2024.

How is the stamp duty calculated for properties in Kuyapettai 1st Street?

Stamp duty for properties in Kuyapettai 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 49,50,000 would incur a stamp duty of Rs 3,46,500.

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 find more details by visiting the appropriate link.