Guideline Value for Theruveethi amman koil III nd Street

Theruveethi amman koil III nd Street guideline value

The current guideline value of Theruveethi amman koil III 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 III nd Street has changed

The guideline value for Theruveethi amman koil III nd Street has seen significant changes over the years. The earliest recorded revision in 2002 set the value at 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 substantial increase of 52%. Following this, the value surged dramatically to Rs 5,800 per sq.ft in 2012, reflecting a 480% increase. However, the value dropped to Rs 3,886 per sq.ft in 2017, a decrease of 33% from the previous revision.

In the subsequent years, the guideline value climbed to Rs 5,800 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 has set the value at Rs 6,380 per sq.ft, which is a 10% increase from the 2023 figure. The register has no figures for the years between these revisions for Theruveethi amman koil III nd 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, placing Theruveethi amman koil III nd Street's 2024 figure above this median.

• Theruveethi amman koil II nd Street: Rs 6,380 per sq.ft (2024)
• Theruveethi amman koil 1st Street - Lane: 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 III 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, charged at 7%, would amount to Rs 4,46,600, while the registration fee at 2% would be Rs 1,27,600. The total cost for stamp duty and registration would be Rs 5,74,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Theruveethi amman koil III 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

The guideline value plays a crucial role in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction, based on the established guideline value.

Frequently asked questions

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

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

Where can I find the registration office for this street?

The registration office covering Theruveethi amman koil III nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

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.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties, which influences the calculation of stamp duty and registration fees during property transactions in Porur.