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Guideline Value

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Guideline Value for Lakshmi Nagar IV th Main Road

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Iv Th 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 Iv Th Main Road

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Lakshmi Nagar IV th Main Road guideline value

The current guideline value of Lakshmi Nagar IV th Main Road is Rs 3,960 per sq.ft. This property is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Lakshmi Nagar IV th Main Road has changed

The guideline value for Lakshmi Nagar IV th Main Road has seen several revisions over the years. Starting from Rs 505 per sq.ft in 2002, it increased to Rs 700 per sq.ft in 2003, marking a 39% rise. The value then rose to Rs 1,000 per sq.ft in 2007, which was a 43% increase. In 2012, the value was Rs 3,600 per sq.ft, reflecting a significant 260% increase from the previous revision. However, it dropped to Rs 2,412 per sq.ft in 2017, a decrease of 33% from the 2012 figure. The value then increased to Rs 3,600 per sq.ft in 2023, a 49% rise, and finally reached Rs 3,960 per sq.ft in the 2024 revision, which is a 10% increase.

There are no figures available for the revisions in years other than those stated above. 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 value for these streets is Rs 3,960 per sq.ft, which matches the guideline value for Lakshmi Nagar IV th Main Road. Below are other streets in Porur with their respective guideline values:

Stamp duty and registration fee for property in Lakshmi Nagar IV th 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 be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, totaling Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Lakshmi Nagar IV th Main Road?

The Sub Registrar Office that covers Lakshmi Nagar IV th 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 when registering 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 the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Lakshmi Nagar IV th 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, reflecting an overall increase of 684% over this period.

What is the classification of land in Lakshmi Nagar IV th Main Road?

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

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it handles property registrations for the area.

How is the stamp duty calculated for properties in Lakshmi Nagar IV th Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 39,60,000 would incur a stamp duty of Rs 2,77,200 at a rate of 7%.