Guideline Value for Sterling Avenue 6th Street

Sterling Avenue 6th Street guideline value

The current guideline value of Sterling Avenue 6th Street is Rs 4,290 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Mixed Special Type - II.

How the guideline value of Sterling Avenue 6th Street has changed

The guideline value for Sterling Avenue 6th Street has undergone several revisions over the years. The earliest registered figure is from 2012, which was Rs 3,900 per sq.ft. This value was revised to Rs 2,613 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,900 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 4,290 per sq.ft, marking a 10% increase from the previous year.

There are no registered 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 Sterling Avenue 6th Street's value above this median.

• Sterling Avenue 5th Street: Rs 4,290 per sq.ft (2024)
• Sterling Avenue Main Road: 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)
• Sterling Avenue 2nd Street: Rs 4,290 per sq.ft (2024)
• Sterling Avenue 1st Street: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in Sterling Avenue 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value would be Rs 42,90,000. The stamp duty at 7% would amount to Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total to Rs 3,86,100. It is important to note that the 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 more details.

Which Sub Registrar Office covers Sterling Avenue 6th Street?

The Sub Registrar Office that covers Sterling Avenue 6th 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 when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction adheres to the regulatory framework set by the state. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Sterling Avenue 6th Street?

The current guideline value of Sterling Avenue 6th Street is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,900 per sq.ft in 2012 to Rs 2,613 per sq.ft in 2017, then back to Rs 3,900 per sq.ft in 2023, and finally to Rs 4,290 per sq.ft in 2024.

What is the land classification of Sterling Avenue 6th Street?

Sterling Avenue 6th Street is classified as Mixed Special Type - II under the Kunrathur SRO.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 42,90,000, the stamp duty would be Rs 3,00,300 and the registration fee would be Rs 85,800, totaling Rs 3,86,100.

Where is the Sub Registrar Office located for this street?

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