Guideline Value for Poothapedu Burial Ground Road

Poothapedu Burial Ground Road guideline value

The current guideline value of Poothapedu Burial Ground Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of Poothapedu Burial Ground Road has changed

The guideline value for Poothapedu Burial Ground Road has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,200 per sq.ft. This was followed by a decrease in 2017 to Rs 2,144 per sq.ft, marking a decline of 33%. In 2023, the value increased significantly to Rs 3,200 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 10%. The 2023 to 2024 revision saw a 10% rise, and the 2017 to 2023 period experienced a substantial increase of 49%. The register has no figures for the years 2002, 2003, and 2007 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, with a median value of Rs 3,960 per sq.ft. The guideline value of Poothapedu Burial Ground Road is below this median.

• Poothapedu Main Road (Highways): Rs 4,950 per sq.ft (2024)
• Poothapedu School Street: Rs 4,950 per sq.ft (2024)
• Present Avenue: Rs 3,960 per sq.ft (2024)
• Pillaiyar koil Street Lane: Rs 3,520 per sq.ft (2024)
• Pillaiyar koil Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar Koil 2nd Cross Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Poothapedu Burial Ground Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, making the total cost for these fees Rs 3,16,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Poothapedu Burial Ground Road?

The Sub Registrar Office that covers Poothapedu Burial Ground Road 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 is an essential factor when registering a property in Porur. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures transparency and compliance with local regulations during the property transfer process.

Frequently asked questions

What is the current guideline value of Poothapedu Burial Ground Road?

The current guideline value of Poothapedu Burial Ground Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, reflecting a 10% increase. From 2017 to 2023, it increased by 49%, while it decreased from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017.

What is the land classification for Poothapedu Burial Ground Road?

Poothapedu Burial Ground Road is classified as Residential Special Type - II. This classification indicates the specific zoning and usage regulations applicable to the area.

Where can I find the registration office for Poothapedu Burial Ground Road?

The registration office for Poothapedu Burial Ground Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all property registrations in the area.

How is stamp duty calculated for properties in Porur?

Stamp duty for properties in Porur is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 35,20,000, the stamp duty would be 7% of this amount, along with a registration fee of 2%.