Guideline Value for POLICE LINE STREET

Police Line Street guideline value

The current guideline value of Police Line Street in Thiruporur village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Thiruporur SRO and is classified as Residential Class I Type - I.

How the guideline value of Police Line Street has changed

The guideline value for Police Line Street has undergone several revisions over the years. In 2002, the value was Rs 133 per sq.ft, which increased to Rs 149 per sq.ft in 2003. The value saw a significant rise to Rs 300 per sq.ft in 2007, followed by a jump to Rs 800 per sq.ft in 2012. However, it decreased to Rs 536 per sq.ft in 2017, before rising again to Rs 800 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 880 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 562%. The changes between the revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 167% increase from 2007 to 2012, a 101% increase from 2003 to 2007, and a 12% increase from 2002 to 2003. There are no figures available for revisions outside of these years for Police Line Street.

Guideline values in Thiruporur

In Thiruporur, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 495 to Rs 4,500 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the guideline value of Police Line Street.

• Panguni Medu: Rs 495 per sq.ft (2024)
• Padavattamman Koil Street: Rs 495 per sq.ft (2024)
• Old Mamallapuram Salai: Rs 2,205 per sq.ft (2024)
• North Mada Street: Rs 880 per sq.ft (2024)
• Sabapathy Pathar Street: Rs 880 per sq.ft (2024)
• Navidan @ New Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Police Line Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total amount for these fees to Rs 79,200. It is important to note that 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 information.

Which Sub Registrar Office covers Police Line Street?

The Sub Registrar Office that covers Police Line Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruporur

The guideline value is a crucial factor when buying or selling property in Thiruporur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is recorded at a value that reflects the prevailing market conditions as per the government's valuation.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the stamp duty and registration fees based on the property’s size and value. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Police Line Street?

The current guideline value of Police Line Street is Rs 880 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 133 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, marking an overall increase of 562% over this period.

What is the classification of Police Line Street?

Police Line Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 880 per sq.ft would incur a total fee of Rs 79,200.