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Guideline Value

Corporate

Guideline Value for Kuyapettai 2nd Street

₹2860/sq.ft.

The guideline value for Kuyapettai 2nd Street in Porur village (Kunrathur SRO, Chennai zone) is Rs 2860 per sq.ft, effective 1 July 2024. It was Rs 2600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹2860 /sq.ft.
From 1-4-2023 ₹2600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1742 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹281 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹254 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kuyapettai 2nd Street

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Kuyapettai 2nd Street guideline value

The current guideline value of Kuyapettai 2nd Street is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, with a land classification of Residential Special Type - III.

How the guideline value of Kuyapettai 2nd Street has changed

The guideline value for Kuyapettai 2nd Street has seen several revisions over the years. In 2002, the guideline value was Rs 254 per sq.ft, which increased to Rs 281 per sq.ft in 2003. Following that, there was a significant rise to Rs 1,000 per sq.ft in 2007, and it further increased to Rs 2,600 per sq.ft in 2012. However, there was a decrease to Rs 1,742 per sq.ft in 2017. The value then rose to Rs 2,600 per sq.ft in 2023, before reaching the current value of Rs 2,860 per sq.ft in 2024.

Between the revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 160% increase from 2007 to 2012. The overall change from 2002 to 2024 reflects an increase of 1,026%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. Kuyapettai 2nd Street's current guideline value is below this median.

Stamp duty and registration fee for property in Kuyapettai 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,860 per sq.ft, the guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, totaling Rs 2,57,400. 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.

Which Sub Registrar Office covers Kuyapettai 2nd Street?

The Kuyapettai 2nd Street is covered by 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 registering property transactions in Porur. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Kuyapettai 2nd Street?

The current guideline value of Kuyapettai 2nd Street is Rs 2,860 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 254 per sq.ft in 2002 to Rs 2,860 per sq.ft in 2024, reflecting an overall increase of 1,026%.

What is the registration office for Kuyapettai 2nd Street?

The registration office for Kuyapettai 2nd 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 Kuyapettai 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 2,00,200.

What are the guideline values for other streets in Porur?

Other streets in Porur under the Kunrathur SRO have varying guideline values. For instance, Kuyapettai 1st Street is Rs 4,950 per sq.ft, while several others are at Rs 2,860 per sq.ft.