Guideline Value for Sethuraman Iyer Street

Sethuraman Iyer Street guideline value

The current guideline value of Sethuraman Iyer Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Sethuraman Iyer Street has changed

The guideline value for Sethuraman Iyer Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,200 per sq.ft. This value decreased to Rs 2,144 per sq.ft in 2017, marking a decline of 33%. However, the value saw a significant increase to Rs 3,200 per sq.ft in 2023, and then rose again to Rs 3,520 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with 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 Sethuraman Iyer Street's current value below this median.

• Senthil Nagar School Street: Rs 3,520 per sq.ft (2024)
• Senthil Nagar Main Road Lane: Rs 3,520 per sq.ft (2024)
• Senthil Nagar Main Road: Rs 3,520 per sq.ft (2024)
• Senthil Nagar Ivth Cross Street: Rs 3,520 per sq.ft (2024)
• Senthil Nagar IInd Main Road: Rs 3,520 per sq.ft (2024)
• Senthil Nagar IInd Cross Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Sethuraman Iyer Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to 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, bringing the total costs together to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sethuraman Iyer Street?

The Sub Registrar Office that covers Sethuraman Iyer 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 in the registration process of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sethuraman Iyer Street?

The current guideline value of Sethuraman Iyer Street 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 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 35,20,000. The stamp duty is Rs 2,46,400, and the registration fee is Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers Sethuraman Iyer Street?

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

What is the land classification for Sethuraman Iyer Street?

Sethuraman Iyer Street is classified as Residential Special Type - II, which indicates its intended use for residential purposes.