Guideline Value for St. Johns School 2nd Street

St. Johns School 2nd Street guideline value

The current guideline value of St. Johns School 2nd 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 2nd Street has changed

The guideline value for St. Johns School 2nd Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value 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, from 2017 to 2023, the value rose significantly by 49% to reach Rs 3,200 per sq.ft again. The most recent revision in 2024 set the guideline value at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value of St. Johns School 2nd Street is below this median.

• St. Johns School 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers St. Johns School 2nd Street?

The Sub Registrar Office that covers St. Johns School 2nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Porur

The guideline value plays a crucial role during the registration of property transactions in Porur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of St. Johns School 2nd Street?

The current guideline value of St. Johns School 2nd 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 back to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for St. Johns School 2nd Street?

The land classification for St. Johns School 2nd Street is Residential Special Type - II.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 35,20,000 incurs a stamp duty of Rs 2,46,400 at 7%.

Where can I find the Sub Registrar Office for St. Johns School 2nd Street?

The Sub Registrar Office for St. Johns School 2nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.