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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 10th Cross Street

₹3960/sq.ft.

The guideline value for Lakshmi Nagar 10th 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 ₹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 10th Cross Street

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Lakshmi Nagar 10th Cross Street guideline value

The current guideline value of Lakshmi Nagar 10th Cross 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 10th Cross Street has changed

The guideline value for Lakshmi Nagar 10th Cross Street has seen several revisions over the years. In 2002, the value was Rs 446 per sq.ft, which increased to Rs 600 per sq.ft in 2003. The value then rose significantly to Rs 1,000 per sq.ft in 2007, followed by a substantial increase to Rs 3,600 per sq.ft in 2012. However, it decreased to Rs 2,412 per sq.ft in 2017. The value then increased to Rs 3,600 per sq.ft in 2023 before reaching the current rate of Rs 3,960 per sq.ft in 2024.

From the 2017 revision to 2023, there was a notable increase of 49%. The change from 2012 to 2017 saw a decrease of 33%. The jump from 2007 to 2012 was significant at 260%, while the increase from 2003 to 2007 was 67%. The value rose by 35% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 788%.

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 the same as the guideline value for Lakshmi Nagar 10th Cross Street.

Stamp duty and registration fee for property in Lakshmi Nagar 10th 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, and the registration fee at 2% would be Rs 79,200. Together, the total cost for stamp duty and registration fee 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 detailed calculations.

Which Sub Registrar Office covers Lakshmi Nagar 10th Cross Street?

The Sub Registrar Office that covers Lakshmi Nagar 10th 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 property transactions in Porur. It determines the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees. Buyers and sellers must consider this value when negotiating sale prices.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for Lakshmi Nagar 10th Cross Street?

The current guideline value for Lakshmi Nagar 10th 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 several times, starting from Rs 446 per sq.ft in 2002 to Rs 3,960 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Lakshmi Nagar 10th Cross Street?

Lakshmi Nagar 10th Cross Street is classified as Residential Special Type - I.

Where can I find the registration office for Lakshmi Nagar 10th Cross Street?

The registration office for Lakshmi Nagar 10th Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Lakshmi Nagar 10th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,77,200.