Guideline Value for Sterling Avenue Main Road

Sterling Avenue Main Road guideline value

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

How the guideline value of Sterling Avenue Main Road has changed

The guideline value for Sterling Avenue Main Road has seen several revisions over the years. In 2012, the guideline value was Rs 3,900 per sq.ft. This figure decreased to Rs 2,613 per sq.ft in 2017, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,900 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 4,290 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no 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 that carry 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 Main Road's 2024 figure above this median.

• Sterling Avenue 1st Street: Rs 4,290 per sq.ft (2024)
• Sterling Avenue 2nd Street: Rs 4,290 per sq.ft (2024)
• Sterling Avenue 3rd Street: Rs 4,290 per sq.ft (2024)
• Sterling Avenue 4th Street: Rs 4,290 per sq.ft (2024)
• Sterling Avenue 5th Street: Rs 4,290 per sq.ft (2024)
• Sterling Avenue 6th Street: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in Sterling Avenue Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800. Therefore, the total cost for stamp duty and registration would be Rs 3,86,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sterling Avenue Main Road?

The Sub Registrar Office that covers Sterling Avenue Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sterling Avenue Main Road?

The current guideline value of Sterling Avenue Main Road 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 to Rs 3,900 per sq.ft in 2023, and finally to Rs 4,290 per sq.ft in 2024.

What is the median guideline value for streets in Porur?

The median guideline value for the 530 streets in Porur under the Kunrathur SRO is Rs 3,960 per sq.ft.

What are the stamp duty and registration fees for a property in Sterling Avenue Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 42,90,000, with stamp duty at 7% amounting to Rs 3,00,300 and a registration fee at 2% of Rs 85,800, totaling Rs 3,86,100.

Which office handles registrations for Sterling Avenue Main Road?

The Kunrathur Sub Registrar Office at No.59, Road Street, Kundrathur, Chennai -600 069 handles registrations for Sterling Avenue Main Road.