Guideline Value

Corporate

Guideline Value for Lakshmi Nagar Extention IInd Main Road

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Extention Iind 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 Iind Main Road

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Lakshmi Nagar Extention IInd Main Road guideline value

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

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

The guideline value for Lakshmi Nagar Extention IInd Main Road has seen several revisions over the years. In 2012, the value was Rs 3,600 per sq.ft, which then 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 further rose to Rs 3,960 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The increase from 2017 to 2023 was notable at 49%. It is important to note that the register has no figures for the revisions in 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 the same as the current value for Lakshmi Nagar Extention IInd Main Road.

Stamp duty and registration fee for property in Lakshmi Nagar Extention IInd 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, while the registration fee at 2% would be Rs 79,200. Together, the total cost for these fees would be Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

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

The Sub Registrar Office that covers Lakshmi Nagar Extention IInd 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 when registering property in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. This ensures that the transaction is recorded at a fair value, reflecting the current market conditions as per the government’s assessment.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar Extention IInd Main Road?

The current guideline value of Lakshmi Nagar Extention IInd 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 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 is the land classification for Lakshmi Nagar Extention IInd Main Road?

The land classification for Lakshmi Nagar Extention IInd Main Road is Residential Special Type - I.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. 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%.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Lakshmi Nagar Extention IInd Main Road is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details by visiting the appropriate link.