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Guideline Value

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Guideline Value for Lakshmi Nagar Extention IIIrd Cross Street

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Extention Iiird 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 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 Extention Iiird Cross Street

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Lakshmi Nagar Extention IIIrd Cross Street guideline value

The current guideline value of Lakshmi Nagar Extention IIIrd 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 Extention IIIrd Cross Street has changed

Over the years, the guideline value for Lakshmi Nagar Extention IIIrd Cross Street has experienced several revisions. The 2012 revision set the value at Rs 3,600 per sq.ft, which decreased to Rs 2,412 per sq.ft in 2017. This marked a significant drop of 33%. However, the value saw a substantial increase to Rs 3,600 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,960 per sq.ft in the 2024 revision, representing a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to a higher level. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%, with the current value aligning with the median guideline value of Rs 3,960 per sq.ft for other streets in Porur.

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 current guideline value for Lakshmi Nagar Extention IIIrd Cross Street. Below are other streets in Porur with their respective guideline values:

Stamp duty and registration fee for property in Lakshmi Nagar Extention IIIrd 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 fees 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 details.

Which Sub Registrar Office covers Lakshmi Nagar Extention IIIrd Cross Street?

The Sub Registrar Office that covers Lakshmi Nagar Extention IIIrd 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 determines the minimum value at which the property must be registered, ensuring that the transaction is documented accurately for taxation purposes.

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 for Lakshmi Nagar Extention IIIrd Cross Street?

The current guideline value for Lakshmi Nagar Extention IIIrd 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 from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, a 10% increase. It was Rs 2,412 per sq.ft in 2017, which was a decrease from Rs 3,600 per sq.ft in 2012.

What is the land classification for Lakshmi Nagar Extention IIIrd Cross Street?

The land classification for Lakshmi Nagar Extention IIIrd Cross Street is Residential Special Type - I.

Where can I find the registration office for this area?

The registration office that covers Lakshmi Nagar Extention IIIrd 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 this area?

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