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Guideline Value

Corporate

Guideline Value for Kamala Nagar Road - Lane

₹4290/sq.ft.

The guideline value for Kamala Nagar Road - Lane in Porur village (Kunrathur SRO, Chennai zone) is Rs 4290 per sq.ft, effective 1 July 2024. It was Rs 3900 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Mixed Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹4290 /sq.ft.
From 1-4-2023 ₹3900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2613 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kamala Nagar Road - Lane

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Kamala Nagar Road - Lane guideline value

The current guideline value of Kamala Nagar Road - Lane is Rs 4,290 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of Kamala Nagar Road - Lane has changed

The guideline value for Kamala Nagar Road - Lane has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 3,900 per sq.ft. In 2017, this figure decreased to Rs 2,613 per sq.ft, marking a decline of 33%. However, the value rebounded significantly in the subsequent years, reaching Rs 3,900 per sq.ft in 2023, and then increasing to Rs 4,290 per sq.ft in the 2024 revision, which is a rise of 10% from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase, reflecting the changes in the property market over this period. The register has no figures for the years 2002, 2003, and 2007 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, making the guideline value of Kamala Nagar Road - Lane above this median.

Stamp duty and registration fee for property in Kamala Nagar Road - Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total to Rs 3,86,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamala Nagar Road - Lane?

The Sub Registrar Office that covers Kamala Nagar Road - Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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 serves as a benchmark for calculating the stamp duty and registration fees when buying or selling property. The guideline value is determined by the government and is periodically revised to reflect changes in the property market.

When a property is sold, the buyer 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, maintaining transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Kamala Nagar Road - Lane?

The current guideline value of Kamala Nagar Road - Lane is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,900 per sq.ft in 2023 to Rs 4,290 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,613 per sq.ft in 2017 and Rs 3,900 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for Kamala Nagar Road - Lane?

The land classification for Kamala Nagar Road - Lane is Mixed Special Type - II, which indicates the type of development permissible in this area.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Kamala Nagar Road - Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 42,90,000, the stamp duty at 7% would be Rs 3,00,300.