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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 1st Main Road Lane

₹3960/sq.ft.

The guideline value for Lakshmi Nagar 1st Main Road 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 Lakshmi Nagar 1st Main Road Lane

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Lakshmi Nagar 1st Main Road Lane guideline value

The current guideline value of Lakshmi Nagar 1st Main Road Lane is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Lakshmi Nagar 1st Main Road Lane has changed

Since the 2012 revision, the guideline value for Lakshmi Nagar 1st Main Road Lane has undergone several changes. In 2012, the value was Rs 3,600 per sq.ft, which decreased to Rs 2,412 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,600 per sq.ft in 2023, and then to Rs 3,960 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 for these streets is Rs 3,960 per sq.ft, which is the same as the guideline value for Lakshmi Nagar 1st Main Road Lane.

Stamp duty and registration fee for property in Lakshmi Nagar 1st Main Road Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,960 per sq.ft, the 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, totaling Rs 3,56,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar 1st Main Road Lane?

The Lakshmi Nagar 1st Main Road Lane falls under 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 minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

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 helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar 1st Main Road Lane?

The current guideline value of Lakshmi Nagar 1st Main Road 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 2012 to Rs 2,412 per sq.ft in 2017, then increased to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What are the other streets in Porur with the same guideline value?

Other streets in Porur with the same guideline value of Rs 3,960 per sq.ft include Lakshmi Nagar 12th Cross Street, Lakshmi Nagar 11th Cross Street, Lakshmi Nagar 10th Cross Street, Lakshmi Nagar 40 Feet Main Road, and Lakshmi Nagar 40 feet main Road Lane.

What is the registration fee for properties in Lakshmi Nagar 1st Main Road Lane?

The registration fee for properties in Lakshmi Nagar 1st Main Road Lane is 2% of the guideline value. For example, for a property valued at Rs 39,60,000, the registration fee would be Rs 79,200.

Where is the Kunrathur Sub Registrar Office located?

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 Lakshmi Nagar area.