Guideline Value for Porur - Kundrathur Road

Porur - Kundrathur Road guideline value

The current guideline value of Porur - Kundrathur Road is Rs 2,650 per sq.ft, effective from 1 July 2024. This area falls within Moulivakkam village and is governed by the Kunrathur SRO. The land classification for this region is Mixed Special Type - I.

How the guideline value of Porur - Kundrathur Road has changed

Over the years, the guideline value of Porur - Kundrathur Road has experienced several revisions. The earliest recorded figure is from 2003 at Rs 500 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following this, in 2012, the value rose to Rs 2,400 per sq.ft, but then dropped to Rs 1,608 per sq.ft in 2017. The value saw a significant increase to Rs 2,400 per sq.ft in 2023, before reaching the current figure of Rs 2,650 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value surged by 49%. The jump from 2012 to 2017 represented a decrease of 33%, while the increase from 2007 to 2012 was a notable 140%. The value also doubled from Rs 500 per sq.ft in 2003 to Rs 1,000 per sq.ft in 2007. Overall, from 2003 to 2024, the guideline value has increased by 430%. The register has no figure for this street in 2002.

Guideline values in Moulivakkam

Moulivakkam village has a total of 44 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median value for these streets is Rs 2,450 per sq.ft, placing the guideline value of Porur - Kundrathur Road above this median.

• Ponniyamman koil Street: Rs 2,450 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,450 per sq.ft (2024)
• Rajagopalapuram Avenue: Rs 2,650 per sq.ft (2024)
• Rajagopal Avenue: Rs 2,450 per sq.ft (2024)
• Perumal Koil Street: Rs 2,450 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 2,450 per sq.ft (2024)

Stamp duty and registration fee for property in Porur - Kundrathur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,650 per sq.ft, the total guideline value would be Rs 26,50,000. The stamp duty at 7% would amount to Rs 1,85,500, and the registration fee at 2% would be Rs 53,000, leading to a total cost of Rs 2,38,500. 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 further calculations.

Which Sub Registrar Office covers Porur - Kundrathur Road?

The Sub Registrar Office that covers Porur - Kundrathur 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 Moulivakkam

The guideline value is a critical factor in the registration of property transactions in Moulivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the overall transaction cost. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the total expenditure involved in the property transaction.

Frequently asked questions

What is the current guideline value of Porur - Kundrathur Road?

The current guideline value of Porur - Kundrathur Road is Rs 2,650 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 500 per sq.ft in 2003 to Rs 2,650 per sq.ft in 2024, marking an overall increase of 430% over this period.

What is the registration office for this area?

The registration office for Porur - Kundrathur Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069.

How is the stamp duty calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 26,50,000, the stamp duty would be Rs 1,85,500.

What are the other streets in Moulivakkam?

Other streets in Moulivakkam include Ponniyamman koil Street, Pillaiyar Koil Street, Rajagopalapuram Avenue, Rajagopal Avenue, Perumal Koil Street, and Rajalakshmi Nagar, with values ranging from Rs 2,450 to Rs 2,650 per sq.ft in 2024.