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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar II nd Main Road

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Ii Nd 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 ₹1000 /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 Ii Nd Main Road

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Lakshmi Nagar II nd Main Road guideline value

The current guideline value of Lakshmi Nagar II nd 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 II nd Main Road has changed

The guideline value for Lakshmi Nagar II nd Main Road has seen significant changes over the years. The earliest recorded figure is from 2002, at Rs 505 per sq.ft. This increased to Rs 700 per sq.ft in 2003, marking a rise of 39%. By 2007, the value surged to Rs 1,000 per sq.ft, reflecting a 43% increase. The value then experienced a substantial jump to Rs 3,600 per sq.ft in 2012, an increase of 260%. However, it decreased to Rs 2,412 per sq.ft in 2017, a drop of 33%. In 2023, the value rose again to Rs 3,600 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,960 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 684%. There are no figures available for the revisions in years other than those listed above.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have 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 aligns with the guideline value of Lakshmi Nagar II nd Main Road.

Stamp duty and registration fee for property in Lakshmi Nagar II nd 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 fees together 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar II nd Main Road?

The Sub Registrar Office that covers Lakshmi Nagar II nd 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. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid at the time of registration. This ensures that the transaction is recorded accurately and complies with local regulations.

Additionally, the guideline value serves as a reference point for both buyers and sellers to understand the official valuation of property in the area. It is essential to consider the guideline value when negotiating sale prices to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar II nd Main Road?

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

What are the stamp duty and registration fees for property in Lakshmi Nagar II nd Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,60,000. The stamp duty is Rs 2,77,200, and the registration fee is Rs 79,200, totaling Rs 3,56,400.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Lakshmi Nagar II nd Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Where can I find more information about other streets in Porur?

For information on other streets in Porur, you can refer to the guideline values listed for each street, which are available through the provided links.