Guideline Value for Theruveethi amman koil 1st Street - Lane

Theruveethi amman koil 1st Street - Lane guideline value

The current guideline value for Theruveethi amman koil 1st Street - Lane is Rs 6,380 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and it falls under the Commercial Class I Type - I land classification.

How the guideline value of Theruveethi amman koil 1st Street - Lane has changed

The guideline value for Theruveethi amman koil 1st Street - Lane has seen several revisions over the years. In 2012, the guideline value was Rs 5,800 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 3,886 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 5,800 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 6,380 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 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. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Theruveethi amman koil 1st Street - Lane's 2024 figure above this median.

• Theruveethi amman koil III nd Street: Rs 6,380 per sq.ft (2024)
• Theruveethi amman koil II nd Street: Rs 6,380 per sq.ft (2024)
• Theruveethi amman koil Ist Street: Rs 6,380 per sq.ft (2024)
• Theruveethi amman koil IV th Street: 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 1st Street - Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,380 per sq.ft, the total guideline value would be Rs 63,80,000. The stamp duty at 7% would amount to Rs 4,46,600, while the registration fee at 2% would be Rs 1,27,600. Together, the total cost for stamp duty and registration would be Rs 5,74,200. It is important 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 Theruveethi amman koil 1st Street - Lane?

The Sub Registrar Office that covers Theruveethi amman koil 1st Street - Lane 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 when buying or selling property in Porur. It is used to determine the stamp duty and registration fees applicable to the transaction. The guideline value serves as a benchmark for the minimum price at which a property can be registered.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Theruveethi amman koil 1st Street - Lane?

The current guideline value for Theruveethi amman koil 1st Street - Lane 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 changed from Rs 5,800 per sq.ft in 2012 to Rs 3,886 per sq.ft in 2017, then back to Rs 5,800 per sq.ft in 2023, and finally to Rs 6,380 per sq.ft in 2024.

What is the land classification for Theruveethi amman koil 1st Street - Lane?

Theruveethi amman koil 1st Street - Lane falls under the Commercial Class I Type - I land classification.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 63,80,000, the stamp duty would be Rs 4,46,600 and the registration fee would be Rs 1,27,600, totaling Rs 5,74,200.

Which office handles property registrations for this street?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles property registrations for Theruveethi amman koil 1st Street - Lane.