Guideline Value for Theruveethi amman koil II nd Street

Theruveethi amman koil II nd Street guideline value

The current guideline value of Theruveethi amman koil II nd 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 it falls under the Commercial Class I Type - I land classification.

How the guideline value of Theruveethi amman koil II nd Street has changed

The guideline value of Theruveethi amman koil II nd Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 593 per sq.ft. It increased to Rs 657 per sq.ft in 2003, marking a 11% rise. The value rose significantly to Rs 1,000 per sq.ft in 2007, which was a 52% increase. In 2012, the guideline value was Rs 5,800 per sq.ft, resulting in a substantial 480% increase from the previous revision. However, it then decreased to Rs 3,886 per sq.ft in 2017, reflecting a 33% drop. The value climbed to Rs 5,800 per sq.ft again in 2023, showing a 49% increase. Finally, the current value is Rs 6,380 per sq.ft as of the 2024 revision, representing a 10% increase from the previous year.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have 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 Theruveethi amman koil II nd Street is above this median.

• Theruveethi amman koil III 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)
• 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 II nd Street

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, bringing the total cost for these fees to Rs 5,74,200. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Theruveethi amman koil II nd Street?

The Sub Registrar Office that covers Theruveethi amman koil II nd 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

When buying or selling property in Porur, the guideline value plays a crucial role in determining the registration fees and stamp duty. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is documented accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the overall cost of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Theruveethi amman koil II nd Street?

The current guideline value of Theruveethi amman koil II nd 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 changed from Rs 593 per sq.ft in 2002 to Rs 6,380 per sq.ft in 2024, showing an overall increase of 976% across the years.

What is the land classification for Theruveethi amman koil II nd Street?

Theruveethi amman koil II nd Street falls under the Commercial Class I Type - I land classification.

Where is the Kunrathur Sub Registrar Office located?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 63,80,000, the stamp duty would be Rs 4,46,600 at a rate of 7%.