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Guideline Value

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Guideline Value for Lakshmi Nagar IIIrd Cross Street

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Iiird Cross 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 ₹700 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹505 /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 Iiird Cross Street

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Lakshmi Nagar IIIrd Cross Street guideline value

The current guideline value of Lakshmi Nagar IIIrd Cross Street is Rs 3,960 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 Residential Special Type - I.

How the guideline value of Lakshmi Nagar IIIrd Cross Street has changed

The guideline value for Lakshmi Nagar IIIrd Cross Street has seen several revisions over the years. The 2002 revision recorded a value of Rs 505 per sq.ft, which increased to Rs 700 per sq.ft in 2003, marking a 39% rise. Subsequently, the value rose by 43% to Rs 1,000 per sq.ft in 2007. The 2012 revision saw a significant increase of 260%, bringing the value to Rs 3,600 per sq.ft. However, the 2017 revision showed a decrease of 33%, adjusting the value to Rs 2,412 per sq.ft. The value then rose by 49% in 2023 to Rs 3,600 per sq.ft, and finally, in the 2024 revision, it reached Rs 3,960 per sq.ft, reflecting a 10% increase.

There are no figures available for the years that do not have a specified revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 684%.

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 current guideline value of Lakshmi Nagar IIIrd Cross Street.

Stamp duty and registration fee for property in Lakshmi Nagar IIIrd Cross 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, these fees would total 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Lakshmi Nagar IIIrd Cross Street?

The Sub Registrar Office that covers Lakshmi Nagar IIIrd Cross 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 the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar IIIrd Cross Street?

The current guideline value of Lakshmi Nagar IIIrd Cross 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 significantly from Rs 505 per sq.ft in 2002 to Rs 3,960 per sq.ft in 2024, reflecting an overall increase of 684% over this period.

What is the land classification for Lakshmi Nagar IIIrd Cross Street?

The land classification for Lakshmi Nagar IIIrd Cross Street is Residential Special Type - I.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 39,60,000, the total fees would amount to Rs 3,56,400.

Where can I find the Sub Registrar Office for Lakshmi Nagar IIIrd Cross Street?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about your SRO online.