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Guideline Value

Corporate

Guideline Value for Kunkumam Nagar 2 nd Lane

₹3960/sq.ft.

The guideline value for Kunkumam Nagar 2 Nd Lane in Porur village (Kunrathur SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /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 Kunkumam Nagar 2 Nd Lane

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Kunkumam Nagar 2 nd Lane guideline value

The current guideline value for Kunkumam Nagar 2 nd Lane is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Kunkumam Nagar 2 nd Lane has changed

The guideline value for Kunkumam Nagar 2 nd Lane has undergone several revisions over the years. In 2012, the value was Rs 3,600 per sq.ft, which then decreased to Rs 2,412 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,600 per sq.ft, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Porur

In Porur, the guideline values vary across 530 streets under the Kunrathur SRO, with values 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, which is equal to the 2024 figure for Kunkumam Nagar 2 nd Lane.

Stamp duty and registration fee for property in Kunkumam Nagar 2 nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, while the registration fee at 2% would be Rs 79,200. Together, the total cost for these fees would be Rs 3,56,400. It is important to 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 Kunkumam Nagar 2 nd Lane?

The Kunkumam Nagar 2 nd Lane is covered by 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 is a crucial factor in the property registration process in Porur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Kunkumam Nagar 2 nd Lane?

The current guideline value for Kunkumam Nagar 2 nd Lane is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, a 10% increase. It was Rs 2,412 per sq.ft in 2017, down from Rs 3,600 in 2012.

What other streets have the same guideline value in Porur?

Other streets in Porur that share the same guideline value of Rs 3,960 per sq.ft in 2024 include Kunkumam Nagar 1st Street, Kunkumam Nagar 2nd Street, Kunkumam Nagar 1st Lane, Kunkumam Nagar 3rd Street, and Kunkumam Nagar 4th Street.

What are the stamp duty and registration fees for a property in Kunkumam Nagar 2 nd Lane?

For a property measuring 1,000 sq.ft, the total guideline value is Rs 39,60,000. The stamp duty would be Rs 2,77,200, and the registration fee would be Rs 79,200, totaling Rs 3,56,400.

Which office handles property registrations for Kunkumam Nagar 2 nd Lane?

The Kunrathur Sub Registrar Office handles property registrations for Kunkumam Nagar 2 nd Lane, located at No.59, Road Street, Kundrathur, Chennai -600 069.