Guideline Value for Porur to Kundrathur Vijayam Co-op Nagar phase I

Porur to Kundrathur Vijayam Co-op Nagar phase I guideline value

The current guideline value for Porur to Kundrathur Vijayam Co-op Nagar phase I is Rs 1,210 per sq.ft, effective from 1 July 2024. This area falls under Kunrathour-B village and is classified as Residential Class I Type - I, governed by the Kunrathur SRO.

How the guideline value of Porur to Kundrathur Vijayam Co-op Nagar phase I has changed

Since the 2017 revision, the guideline value has seen significant changes. The value was Rs 737 per sq.ft in 2017, which increased to Rs 1,100 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value for Porur to Kundrathur Vijayam Co-op Nagar phase I is below this median.

• Porur to Kundrathur Vijayam Co-op Mega Nagar: Rs 1,210 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co - Op Nagar Phase II: Rs 1,210 per sq.ft (2024)
• Prithvi Nagar: Rs 3,650 per sq.ft (2024)
• Province: Rs 4,400 per sq.ft (2024)
• Ponnusamy Nagar: Rs 1,760 per sq.ft (2024)
• Police Quarters: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Porur to Kundrathur Vijayam Co-op Nagar phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. 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 Porur to Kundrathur Vijayam Co-op Nagar phase I?

The Porur to Kundrathur Vijayam Co-op Nagar phase I is covered by 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 Kunrathour-B

The guideline value plays a crucial role in the registration process when buying or selling property. It is used to determine the stamp duty and registration fees payable, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value helps in assessing the minimum value for registration. This ensures that the property is not sold for less than its assessed value, which is important for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value for Porur to Kundrathur Vijayam Co-op Nagar phase I?

The current guideline value for Porur to Kundrathur Vijayam Co-op Nagar phase I is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 737 per sq.ft to Rs 1,210 per sq.ft in 2024, marking an overall increase of 64%.

What is the registration fee for property in this area?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 12,10,000, the registration fee would be Rs 24,200.

Where is the Kunrathur Sub Registrar Office located?

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

What other streets have the same guideline value in Kunrathour-B?

Other streets in Kunrathour-B that share the same guideline value of Rs 1,210 per sq.ft include Porur to Kundrathur Vijayam Co-op Mega Nagar and Porur to Kundrathur Vijayam Co - Op Nagar Phase II.