Guideline Value

Corporate

Guideline Value for Lakshmi Nagar Extention IIIrd Main Road

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Extention Iiird 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 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 Main Road

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Lakshmi Nagar Extention IIIrd Main Road guideline value

The current guideline value for Lakshmi Nagar Extention IIIrd Main Road is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Lakshmi Nagar Extention IIIrd Main Road has changed

Over the years, the guideline value for Lakshmi Nagar Extention IIIrd Main Road has seen several revisions. The 2012 revision set the value at Rs 3,600 per sq.ft, which was a decrease of 33% from Rs 2,412 per sq.ft in the 2017 revision. The value remained at Rs 3,600 per sq.ft in 2023, before increasing to Rs 3,960 per sq.ft in the 2024 revision, marking a 10% increase.

From 2017 to 2023, the guideline value increased by 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 guideline value is Rs 3,960 per sq.ft, which is equal to the current figure for Lakshmi Nagar Extention IIIrd Main Road.

Stamp duty and registration fee for property in Lakshmi Nagar Extention IIIrd 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, totaling Rs 3,56,400. Please note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar Extention IIIrd Main Road?

The Sub Registrar Office that covers Lakshmi Nagar Extention IIIrd 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 is a crucial factor in property transactions in Porur. It serves as a reference point for determining the stamp duty and registration fees during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements when transferring property ownership.

When registering a property, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the sale process.

Frequently asked questions

What is the current guideline value for Lakshmi Nagar Extention IIIrd Main Road?

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

What is the land classification for Lakshmi Nagar Extention IIIrd Main Road?

The land classification for Lakshmi Nagar Extention IIIrd Main Road is Residential Special Type - I. This classification indicates the intended use of the land 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 property registrations for the area.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a reference for calculating the costs associated with transferring property ownership in Porur.