Guideline Value for Trunk Road (Mount Poonamalle Road)

Trunk Road (Mount Poonamalle Road) guideline value

The current guideline value of Trunk Road (Mount Poonamalle Road) 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 Trunk Road (Mount Poonamalle Road) has changed

The guideline value for Trunk Road (Mount Poonamalle Road) has seen several revisions over the years. In 2012, the value was Rs 5,800 per sq.ft, which then decreased to Rs 3,886 per sq.ft in 2017. Following this, the value increased significantly to Rs 5,800 per sq.ft in 2023, and most recently, it has risen to Rs 6,380 per sq.ft in 2024, marking a 10% increase from the previous year.

Looking at the changes between the revisions, the value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for this street in the years 2002, 2003, and 2007.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with 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 Trunk Road (Mount Poonamalle Road) above that median.

• T.N.H.B.Quarters 2nd Street: Rs 4,290 per sq.ft (2024)
• T.N.H.B.Quarters 1st Street: Rs 4,290 per sq.ft (2024)
• Udaya Nagar: Rs 3,520 per sq.ft (2024)
• Udaya Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Udaya Nagar Extension: Rs 3,520 per sq.ft (2024)
• Udhaya Nagar 1st Lane: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Trunk Road (Mount Poonamalle Road)

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 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 Trunk Road (Mount Poonamalle Road)?

The Sub Registrar Office that covers Trunk Road (Mount Poonamalle 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 plays a crucial role in property transactions in Porur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is set by the government and is updated periodically, reflecting the current market conditions.

When registering a property, buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, and it is essential for buyers to be aware of these values when planning their purchases.

Frequently asked questions

What is the current guideline value of Trunk Road (Mount Poonamalle Road)?

The current guideline value of Trunk Road (Mount Poonamalle Road) 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 to Rs 5,800 per sq.ft in 2023, and now to Rs 6,380 per sq.ft in 2024.

What is the land classification of Trunk Road (Mount Poonamalle Road)?

The land classification of Trunk Road (Mount Poonamalle Road) is Commercial Class I Type - I.

Where is the Kunrathur Sub Registrar Office located?

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

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a plot of 1,000 sq.ft at the current rate, the total fees would be Rs 5,74,200.