Guideline Value

Corporate

Guideline Value for Mount Poovai Salai

₹6380/sq.ft.

The guideline value for Mount Poovai Salai in Porur village (Kunrathur SRO, Chennai zone) is Rs 6380 per sq.ft, effective 1 July 2024. It was Rs 5800 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6380 /sq.ft.
From 1-4-2023 ₹5800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3886 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4358 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹700 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹548 /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 Mount Poovai Salai

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Mount Poovai Salai guideline value

The current guideline value of Mount Poovai Salai is Rs 6,380 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Mount Poovai Salai has changed

The guideline value for Mount Poovai Salai has seen several revisions over the years. In 2002, the guideline value was Rs 548 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2003, marking a change of +28%. The value then rose dramatically to Rs 4,358 per sq.ft in 2007, an increase of +523%. Following this, the value was revised to Rs 5,800 per sq.ft in 2012, which was a decrease of -33% from the previous figure. The guideline value remained at Rs 5,800 per sq.ft in 2023, before increasing to Rs 6,380 per sq.ft in 2024, reflecting a change of +10%.

From 2017 to 2023, the value rose from Rs 3,886 per sq.ft to Rs 5,800 per sq.ft, a significant increase of +49%. Overall, from 2002 to 2024, the guideline value has increased by +1064%. There are no figures available for the years not listed in the register for this street.

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 guideline value for these streets is Rs 3,960 per sq.ft, placing Mount Poovai Salai's 2024 figure above this median.

Stamp duty and registration fee for property in Mount Poovai Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 6,380 per sq.ft, the total guideline value would be Rs 63,80,000. The stamp duty at 7% would amount to Rs 4,46,600, while the registration fee at 2% would be Rs 1,27,600, bringing the total fees together to Rs 5,74,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mount Poovai Salai?

The Sub Registrar Office that covers Mount Poovai Salai 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, as it is used to determine the stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements and to understand the financial implications of their property transactions.

When a property is sold, the guideline value is often used as a benchmark for the sale price. This means that if the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead of the sale price. Understanding this process is essential for both buyers and sellers in Porur.

Frequently asked questions

What is the current guideline value of Mount Poovai Salai?

The current guideline value of Mount Poovai Salai is Rs 6,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 548 per sq.ft in 2002 to Rs 6,380 per sq.ft in 2024, which is an overall increase of +1064%.

What is the registration fee for property in Mount Poovai Salai?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 63,80,000, the registration fee would be Rs 1,27,600.

Where can I find the Sub Registrar Office for Mount Poovai Salai?

The Sub Registrar Office for Mount Poovai Salai is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark for the sale price, ensuring compliance with legal requirements in Porur.