Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 9th Cross Street

₹3960/sq.ft.

The guideline value for Lakshmi Nagar 9th 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 ₹620 /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 9th Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Lakshmi Nagar 9th Cross Street guideline value

The current guideline value of Lakshmi Nagar 9th 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 9th Cross Street has changed

The guideline value for Lakshmi Nagar 9th Cross Street has undergone several revisions over the years. In 2002, the guideline value was Rs 446 per sq.ft. This increased to Rs 620 per sq.ft in 2003, marking a 39% rise. By 2007, the value saw a significant jump to Rs 1,000 per sq.ft, which is a 61% increase from the previous revision. The 2012 revision maintained the value at Rs 3,600 per sq.ft, representing a decrease of 260% from 2007. In 2017, the value was revised to Rs 2,412 per sq.ft, reflecting a 33% drop from the 2012 figure. The guideline value then rose to Rs 3,600 per sq.ft in 2023, a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 3,960 per sq.ft, a 10% increase from the previous year.

There are no figures available for revisions in the years not mentioned in the register for this street.

Guideline values in Porur

In Porur village, 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 guideline value for these streets is Rs 3,960 per sq.ft, which is equal to the current guideline value of Lakshmi Nagar 9th Cross Street.

Stamp duty and registration fee for property in Lakshmi Nagar 9th 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 be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, making the total cost for these fees 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 further calculations.

Which Sub Registrar Office covers Lakshmi Nagar 9th Cross Street?

The Sub Registrar Office that covers Lakshmi Nagar 9th 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 minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and fairly according to the established guidelines.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar 9th Cross Street?

The current guideline value of Lakshmi Nagar 9th Cross Street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revisions occurring in the years 2002, 2003, 2007, 2012, 2017, 2023, and 2024.

What was the guideline value in 2017?

The guideline value for Lakshmi Nagar 9th Cross Street in 2017 was Rs 2,412 per sq.ft.

What is the land classification of Lakshmi Nagar 9th Cross Street?

Lakshmi Nagar 9th Cross Street is classified as Residential Special Type - I.

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.