Guideline Value

Corporate

Guideline Value for Lakshmi Nagar Extention Ist Main Road

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Extention Ist 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 ₹1706 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹700 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹505 /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 Extention Ist Main Road

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Lakshmi Nagar Extention Ist Main Road guideline value

The current guideline value of Lakshmi Nagar Extention Ist Main Road is Rs 3,960 per sq.ft, effective from 1 July 2024. This road 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 Ist Main Road has changed

The guideline value for Lakshmi Nagar Extention Ist Main Road has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 505 per sq.ft. This increased to Rs 700 per sq.ft in 2003, marking a 39% rise. The value continued to rise significantly, reaching Rs 1,706 per sq.ft in 2007, which is an increase of 144%. In 2012, the guideline value was Rs 3,600 per sq.ft, showing a substantial increase of 111% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 2,412 per sq.ft, reflecting a decline of 33%. However, this was followed by a notable increase to Rs 3,600 per sq.ft in 2023, and finally, the current value is Rs 3,960 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year. There are no figures available for any revisions prior to 2002 or after 2024 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 value for these streets is Rs 3,960 per sq.ft, which is equal to the guideline value of Lakshmi Nagar Extention Ist Main Road.

Stamp duty and registration fee for property in Lakshmi Nagar Extention Ist 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 amounts to 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, bringing the total to 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 assistance.

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

The Sub Registrar Office that covers Lakshmi Nagar Extention Ist 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 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 buyer or seller approaches the registration office, the guideline value is assessed alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which must be paid at the time of registration.

Frequently asked questions

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

The current guideline value of Lakshmi Nagar Extention Ist 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 from Rs 505 per sq.ft in 2002 to Rs 3,960 per sq.ft in 2024, representing an overall increase of 684% over the years.

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

Lakshmi Nagar Extention Ist Main Road is classified as Residential Special Type - I.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in this area is 7% of the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.