Guideline Value

Corporate

Guideline Value for Lakshmi Nagar Extention Vth Main Road

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Extention Vth 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 Vth Main Road

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Lakshmi Nagar Extention Vth Main Road guideline value

The current guideline value of Lakshmi Nagar Extention Vth Main Road is Rs 3,960 per sq.ft. 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 Vth Main Road has changed

Over the years, the guideline value of Lakshmi Nagar Extention Vth 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 the Rs 2,412 per sq.ft recorded in the 2017 revision. The 2023 revision increased the value to Rs 3,600 per sq.ft, and the most recent 2024 revision raised it to Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change is an increase of 10%. Notably, there are no figures available 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 value for these streets is Rs 3,960 per sq.ft, which is the same as the current guideline value for Lakshmi Nagar Extention Vth Main Road.

Stamp duty and registration fee for property in Lakshmi Nagar Extention Vth 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 stamp duty and registration fee 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.

For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Lakshmi Nagar Extention Vth 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 transparency and fairness in property transactions.

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 means that understanding the guideline value is essential for both buyers and sellers to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value for Lakshmi Nagar Extention Vth 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. Additionally, it increased by 49% from Rs 2,412 per sq.ft in 2017 to Rs 3,600 per sq.ft in 2023.

What is the classification of land on Lakshmi Nagar Extention Vth Main Road?

The land classification for Lakshmi Nagar Extention Vth Main Road is Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for this area?

The registration office for Lakshmi Nagar Extention Vth Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 at 7%, and the registration fee would be Rs 79,200 at 2%, totaling Rs 3,56,400. These fees are based on the guideline value or the sale price, whichever is higher.