Guideline Value for PUDHIYA KINARU STREET

Pudhiya Kinaru Street guideline value

The current guideline value of Pudhiya Kinaru Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Pudhiya Kinaru Street has changed

The guideline value for Pudhiya Kinaru Street has undergone several revisions over the years. In 2002, the value was Rs 418 per sq.ft, which increased to Rs 492 per sq.ft in 2003, marking an 18% rise. The value saw a further increase of 22% to reach Rs 600 per sq.ft in 2007. The next revision in 2012 set the value at Rs 3,000 per sq.ft, a significant increase of 400% from the previous figure.

From 2012 to 2017, the guideline value dropped by 33% to Rs 2,010 per sq.ft. The value then rose by 49% to Rs 3,000 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current value of Pudhiya Kinaru Street.

• Poonthottam Lane: Rs 3,300 per sq.ft (2024)
• Poonganva Puram: Rs 2,150 per sq.ft (2024)
• Poonga Nagar: Rs 2,150 per sq.ft (2024)
• Radhakrishnan Avenue: Rs 1,300 per sq.ft (2024)
• Radhakrishnan Nagar: Rs 3,300 per sq.ft (2024)
• Poompugar Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhiya Kinaru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty, charged at 7%, would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pudhiya Kinaru Street?

The Sub Registrar Office that covers Pudhiya Kinaru Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps to standardize the process and provides a clear framework for both buyers and sellers. It is essential to be aware of the current guideline value to accurately calculate the associated costs during the transaction.

Frequently asked questions

What is the current guideline value of Pudhiya Kinaru Street?

The current guideline value of Pudhiya Kinaru Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 418 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting various increases and decreases over the years.

What is the land classification of Pudhiya Kinaru Street?

Pudhiya Kinaru Street is classified as Residential Special Type - I.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Pudhiya Kinaru Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.