Guideline Value for Poothapedu School Street

Poothapedu School Street guideline value

The current guideline value of Poothapedu School Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and the land classification is Mixed Special Type - I.

How the guideline value of Poothapedu School Street has changed

Over the years, the guideline value of Poothapedu School Street has seen several revisions. The earliest available figure is from the 2012 revision, which was Rs 4,500 per sq.ft. This was followed by a decrease to Rs 3,015 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 4,500 per sq.ft, and the current revision in 2024 has set the value at Rs 4,950 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available 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 have 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 Poothapedu School Street's current value above this median.

• Poothapedu Main Road (Highways): Rs 4,950 per sq.ft (2024)
• Poothapedu Burial Ground Road: Rs 3,520 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 School Street

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 at 7% would amount to Rs 3,46,500, while the registration fee at 2% would be Rs 99,000. Together, these fees would total Rs 4,45,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poothapedu School Street?

The Sub Registrar Office that covers Poothapedu School Street 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 when buying or selling property in Porur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value can influence the overall cost of the transaction.

When a property is registered, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. It is essential for both buyers and sellers to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Poothapedu School Street?

The current guideline value of Poothapedu School Street 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 School Street?

The land classification for Poothapedu School Street is Mixed Special Type - I.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Poothapedu School Street?

The stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.