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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar II nd Street

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Ii Nd Street 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 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹600 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹446 /sq.ft.
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 Lakshmi Nagar Ii Nd Street

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Lakshmi Nagar II nd Street guideline value

The current guideline value of Lakshmi Nagar II nd Street 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 Lakshmi Nagar II nd Street has changed

The guideline value for Lakshmi Nagar II nd Street has undergone several revisions over the years. In 2002, the guideline value was Rs 446 per sq.ft. This increased to Rs 600 per sq.ft in 2003, marking a 35% increase. The value saw further growth, reaching Rs 1,000 per sq.ft in 2007, which was a 67% increase from the previous year. By 2012, the value had risen to Rs 3,600 per sq.ft, reflecting a significant increase of 260% from 2007. However, it decreased to Rs 2,412 per sq.ft in 2017, a drop of 33%.

In 2023, the guideline value was revised to Rs 3,600 per sq.ft, showing a 49% increase from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 3,960 per sq.ft, representing a 10% increase from the previous year. There are no figures available for the revisions in years other than those listed.

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 is Rs 3,960 per sq.ft, which is equal to the guideline value of Lakshmi Nagar II nd Street.

Stamp duty and registration fee for property in Lakshmi Nagar II nd Street

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 duty and registration 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar II nd Street?

The Sub Registrar Office that covers Lakshmi Nagar 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

The guideline value is a crucial factor in property transactions in Porur, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. This value helps in establishing a fair basis for the transaction and ensures that all legal requirements are met.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar II nd Street?

The current guideline value of Lakshmi Nagar II nd Street 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 446 per sq.ft in 2002 to Rs 3,960 per sq.ft in 2024, showing an overall increase of 788% over the years.

What is the classification of Lakshmi Nagar II nd Street?

Lakshmi Nagar II nd Street is classified as Residential Special Type - I under the Kunrathur SRO.

What are the stamp duty and registration fees for property in this area?

For a property valued at 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.

Where is the Sub Registrar Office located for this street?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers Lakshmi Nagar II nd Street.