Guideline Value for St. Johns School 1st Street

St. Johns School 1st Street guideline value

The current guideline value of St. Johns School 1st 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 is classified as Residential Special Type - II.

How the guideline value of St. Johns School 1st Street has changed

In the 2012 revision, the guideline value was Rs 3,200 per sq.ft. This value decreased to Rs 2,144 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,200 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 3,520 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no recorded figures for St. Johns School 1st Street in the revisions for the years 2002, 2003, and 2007.

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. The median guideline value in this area is Rs 3,960 per sq.ft, indicating that the guideline value for St. Johns School 1st Street is below the median.

• St. Johns School 2nd Street: Rs 3,520 per sq.ft (2024)
• Sterling Avenue Main Road: Rs 4,290 per sq.ft (2024)
• Sterling Avenue 6th Street: Rs 4,290 per sq.ft (2024)
• Sterling Avenue 5th Street: Rs 4,290 per sq.ft (2024)
• Sterling Avenue 4th Street: Rs 4,290 per sq.ft (2024)
• Sterling Avenue 3rd Street: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in St. Johns School 1st 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, calculated at 7%, would be Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. The total cost for stamp duty and registration would be Rs 3,16,800. It is essential 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 St. Johns School 1st Street?

The Sub Registrar Office that covers St. Johns School 1st 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 plays a crucial role 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 government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of the guideline value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of St. Johns School 1st Street?

The current guideline value of St. Johns School 1st 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 other streets in Porur with their guideline values?

Other streets in Porur include St. Johns School 2nd Street, Sterling Avenue Main Road, Sterling Avenue 6th Street, Sterling Avenue 5th Street, Sterling Avenue 4th Street, and Sterling Avenue 3rd Street, with their respective guideline values ranging from Rs 3,520 to Rs 4,290 per sq.ft for 2024.

What is the registration fee and stamp duty for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 35,20,000, the total stamp duty and registration fee would be Rs 3,16,800.

Where can I find the Sub Registrar Office for St. Johns School 1st Street?

The Kunrathur Sub Registrar Office covers St. Johns School 1st Street and is located at No.59, Road Street, Kundrathur, Chennai -600 069.