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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar Extention VIIth Cross Street

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Extention Viith 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 Viith Cross Street

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Lakshmi Nagar Extention VIIth Cross Street guideline value

The current guideline value of Lakshmi Nagar Extention VIIth 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, classified as Residential Special Type - I.

How the guideline value of Lakshmi Nagar Extention VIIth Cross Street has changed

Over the years, the guideline value for Lakshmi Nagar Extention VIIth Cross Street has seen several revisions. The 2012 revision set the value at Rs 3,600 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,412 per sq.ft. The following revisions saw significant changes, with the 2023 revision increasing the value to Rs 3,600 per sq.ft, and the most recent 2024 revision raising it further to Rs 3,960 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 VIIth Cross Street.

Stamp duty and registration fee for property in Lakshmi Nagar Extention VIIth 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, totaling Rs 3,56,400. 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 more detailed calculations.

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

The Sub Registrar Office covering Lakshmi Nagar Extention VIIth Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Porur

The guideline value is an important factor during the registration of property transactions in Porur. It serves as a basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps establish the minimum price at which the property can be registered, ensuring that the transaction is documented accurately according to government regulations.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar Extention VIIth Cross Street?

The current guideline value of Lakshmi Nagar Extention VIIth 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 significantly from Rs 2,412 per sq.ft in 2017 to Rs 3,960 per sq.ft in 2024. The value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024.

What are the other streets in Porur with the same guideline value?

Several other streets in Porur also have a guideline value of Rs 3,960 per sq.ft for 2024, including Lakshmi Nagar Extention IVth Main Road, VIIth Main Road, IVth Cross Street, VIth Cross Street, Ist Main Road, and VIth Main Road.

What is the registration fee for property in Lakshmi Nagar Extention VIIth Cross Street?

The registration fee for property in Lakshmi Nagar Extention VIIth Cross Street is calculated at 2% of the guideline value. For a property valued at Rs 39,60,000, the registration fee would be Rs 79,200.

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. You can visit this office for all registration-related queries.