Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 12th Cross Street

₹3960/sq.ft.

The guideline value for Lakshmi Nagar 12th 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 12th Cross Street

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Lakshmi Nagar 12th Cross Street guideline value

The current guideline value of Lakshmi Nagar 12th 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 12th Cross Street has changed

The guideline value for Lakshmi Nagar 12th Cross Street has undergone 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, marking a rise of 35%. By 2007, the value saw a significant jump to Rs 1,000 per sq.ft, reflecting a 67% increase. The 2012 revision brought the value back to Rs 3,600 per sq.ft, a substantial increase of 260% from the previous figure. However, in 2017, the value dropped to Rs 2,412 per sq.ft, a decrease of 33% from 2012. The value then rose to Rs 3,600 per sq.ft in 2023, before reaching the current figure of Rs 3,960 per sq.ft in 2024, which represents a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 788%. The register does not contain figures for revisions in years other than those specified.

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, with the median value being Rs 3,960 per sq.ft. The guideline value for Lakshmi Nagar 12th Cross Street aligns with this median.

Stamp duty and registration fee for property in Lakshmi Nagar 12th 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 amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, resulting in a total of 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 details.

Which Sub Registrar Office covers Lakshmi Nagar 12th Cross Street?

The Sub Registrar Office that covers Lakshmi Nagar 12th 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 an essential factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring compliance with legal requirements.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar 12th Cross Street?

The current guideline value of Lakshmi Nagar 12th Cross Street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various changes, from Rs 446 per sq.ft in 2002 to Rs 3,960 per sq.ft in 2024, representing an overall increase of 788%.

What is the classification of land in Lakshmi Nagar 12th Cross Street?

The land classification for Lakshmi Nagar 12th Cross Street is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Kunrathur Sub Registrar Office?

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

How is stamp duty calculated for properties in Lakshmi Nagar 12th Cross Street?

Stamp duty for properties in Lakshmi Nagar 12th Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.