Guideline Value for Theruveethi amman koil IV th Street

Theruveethi amman koil IV th Street guideline value

The current guideline value of Theruveethi amman koil IV th Street is Rs 6,380 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Theruveethi amman koil IV th Street has changed

The guideline value has seen several revisions over the years. Starting from 2002, the value was Rs 593 per sq.ft. This increased to Rs 657 per sq.ft in 2003, marking an 11% rise. The value then rose to Rs 1,000 per sq.ft in 2007, which was a significant increase of 52%. In 2012, the value dropped to Rs 5,800 per sq.ft, a decrease of 33%. The 2017 revision saw the value rise again to Rs 3,886 per sq.ft, followed by a substantial increase to Rs 5,800 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 6,380 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 976%. Notably, there are no figures available for revisions between the years not listed in the register for this street.

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 value for these streets is Rs 3,960 per sq.ft, which means that the guideline value for Theruveethi amman koil IV th Street is above that median.

• Theruveethi amman koil Ist Street: Rs 6,380 per sq.ft (2024)
• Theruveethi amman koil II nd Street: Rs 6,380 per sq.ft (2024)
• Theruveethi amman koil III nd Street: Rs 6,380 per sq.ft (2024)
• Theruveethi amman koil 1st Street - Lane: Rs 6,380 per sq.ft (2024)
• Thirumurugan Nagar 1st Cross Road: Rs 4,950 per sq.ft (2024)
• Thirumurugan Nagar 1st Main Road: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Theruveethi amman koil IV th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,380 per sq.ft, the total guideline value amounts to Rs 63,80,000. The stamp duty at 7% would be Rs 4,46,600, and the registration fee at 2% would be Rs 1,27,600, bringing the total to Rs 5,74,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Theruveethi amman koil IV th Street?

The Sub Registrar Office that covers Theruveethi amman koil IV th Street 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 an essential factor during the registration of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Theruveethi amman koil IV th Street?

The current guideline value of Theruveethi amman koil IV th Street is Rs 6,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 593 per sq.ft in 2002 to Rs 6,380 per sq.ft in 2024, marking an overall increase of 976%.

What is the land classification for Theruveethi amman koil IV th Street?

Theruveethi amman koil IV th Street is classified as Commercial Class I Type - I.

Which office handles registrations for Theruveethi amman koil IV th Street?

The Kunrathur Sub Registrar Office handles registrations for Theruveethi amman koil IV th Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Porur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the correct amount is charged for registration.