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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar IIIrd Main Road

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Iiird 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 Iiird Main Road

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Lakshmi Nagar IIIrd Main Road guideline value

The current guideline value of Lakshmi Nagar IIIrd 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 it falls under the land classification of Residential Special Type - I.

How the guideline value of Lakshmi Nagar IIIrd Main Road has changed

The guideline value for Lakshmi Nagar IIIrd Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 505 per sq.ft, which increased to Rs 700 per sq.ft in 2003, marking a change of +39%. The value continued to rise, reaching Rs 1,000 per sq.ft in 2007, which represented a significant increase of +43%. In 2012, the guideline value was Rs 3,600 per sq.ft, reflecting a substantial increase of +260% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 2,412 per sq.ft, showing a decline of -33%. However, it rebounded to Rs 3,600 per sq.ft in 2023, and then increased by +10% to reach the current value of Rs 3,960 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by +684%.

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 guideline value for Lakshmi Nagar IIIrd Main Road.

Stamp duty and registration fee for property in Lakshmi Nagar IIIrd 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, and 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar IIIrd Main Road?

The Sub Registrar Office that covers Lakshmi Nagar IIIrd Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Porur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties.

It is essential for both buyers and sellers to understand the guideline value, as it reflects the official valuation of the property for registration purposes. This ensures a transparent process and helps in avoiding disputes related to property transactions.

Frequently asked questions

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

The current guideline value of Lakshmi Nagar IIIrd 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, marking an overall increase of +684% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 39,60,000. The stamp duty at 7% is Rs 2,77,200, and the registration fee at 2% is Rs 79,200, totaling Rs 3,56,400.

Which Sub Registrar Office covers Lakshmi Nagar IIIrd Main Road?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to understand that the higher of the guideline value or the sale price will be used to calculate these fees.