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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 40 Feet Main Road

₹3960/sq.ft.

The guideline value for Lakshmi Nagar 40 Feet Main Road 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 ₹650 /sq.ft.
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 40 Feet Main Road

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Lakshmi Nagar 40 Feet Main Road guideline value

The current guideline value of Lakshmi Nagar 40 Feet Main Road is Rs 3,960 per sq.ft, effective from 1 July 2024. This area is located in Porur village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Lakshmi Nagar 40 Feet Main Road has changed

The guideline value for Lakshmi Nagar 40 Feet Main Road has seen significant changes over the years. In 2003, the guideline value was Rs 650 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following this, the value jumped to Rs 3,600 per sq.ft in 2012, but then decreased to Rs 2,412 per sq.ft in 2017. The value rose again to Rs 3,600 per sq.ft in 2023, and most recently, it has been revised to Rs 3,960 per sq.ft in 2024.

The changes between these revisions are notable. From 2003 to 2007, there was an increase of 54%, followed by a substantial rise of 260% from 2007 to 2012. However, the value decreased by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 509%. The register has no figure for this street in 2002.

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 40 Feet Main Road.

Stamp duty and registration fee for property in Lakshmi Nagar 40 Feet Main Road

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, making the 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 our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Lakshmi Nagar 40 Feet Main Road?

The Sub Registrar Office that covers Lakshmi Nagar 40 Feet Main Road 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 plays a crucial role in the registration process for property transactions in Porur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It’s essential for buyers and sellers to be aware of the current guideline value, as it influences the financial aspects of the transaction. Ensuring that the property is valued correctly according to the guideline value helps avoid disputes during registration.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar 40 Feet Main Road?

The current guideline value of Lakshmi Nagar 40 Feet Main Road 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, starting from Rs 650 per sq.ft in 2003 and reaching Rs 3,960 per sq.ft in 2024. The value has seen both increases and decreases over the years, reflecting various market conditions.

What is the land classification for Lakshmi Nagar 40 Feet Main Road?

The land classification for Lakshmi Nagar 40 Feet Main Road is Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Lakshmi Nagar 40 Feet Main Road?

The registration office for Lakshmi Nagar 40 Feet Main Road 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?

Stamp duty for properties in Lakshmi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 39,60,000 would incur a stamp duty of Rs 2,77,200 at a rate of 7%.