Guideline Value for Poothapedu Main Road (Highways)

Poothapedu Main Road (Highways) guideline value

The current guideline value of Poothapedu Main Road (Highways) is Rs 4,950 per sq.ft, effective from 1 July 2024. This road is located in Porur village, under the Kunrathur SRO, and falls under the land classification of Mixed Special Type - I.

How the guideline value of Poothapedu Main Road (Highways) has changed

The guideline value for Poothapedu Main Road (Highways) has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 4,500 per sq.ft. This was followed by a decrease to Rs 3,015 per sq.ft in 2017, which marked a decline of 33%. However, in 2023, the value increased significantly to Rs 4,500 per sq.ft, and the latest revision in 2024 brought it to Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a guideline value for 2024, 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 Main Road (Highways) is above this median, indicating a higher valuation compared to many other streets in the area.

• Poothapedu Burial Ground Road: Rs 3,520 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 Main Road (Highways)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty is charged at 7%, amounting to Rs 3,46,500, while the registration fee at 2% would be Rs 99,000. Together, these fees total Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poothapedu Main Road (Highways)?

The Sub Registrar Office that covers Poothapedu Main Road (Highways) 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 a crucial factor during property transactions in Porur, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Poothapedu Main Road (Highways)?

The current guideline value of Poothapedu Main Road (Highways) is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then back to Rs 4,500 per sq.ft in 2023, and finally to Rs 4,950 per sq.ft in 2024.

What is the land classification for Poothapedu Main Road (Highways)?

The land classification for Poothapedu Main Road (Highways) is Mixed Special Type - I.

Where can I find the registration office for properties in Poothapedu Main Road (Highways)?

The registration office for properties in Poothapedu Main Road (Highways) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price of the property.