Guideline Value

Corporate

Guideline Value for Lakshmi Nagar IXth Cross Street

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Ixth 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 Ixth Cross Street

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Lakshmi Nagar IXth Cross Street guideline value

The current guideline value of Lakshmi Nagar IXth 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, and it is classified as Residential Special Type - I.

How the guideline value of Lakshmi Nagar IXth Cross Street has changed

Over the years, the guideline value of Lakshmi Nagar IXth Cross Street has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 3,600 per sq.ft. This was followed by a decrease to Rs 2,412 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 3,600 per sq.ft. The most recent revision in 2024 has further increased the value by 10% to Rs 3,960 per sq.ft.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Lakshmi Nagar IXth Cross Street. The overall change from the 2012 figure to the 2024 figure is an increase of 10%.

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 guideline value for these streets is Rs 3,960 per sq.ft, which is the same as the guideline value for Lakshmi Nagar IXth Cross Street.

Stamp duty and registration fee for property in Lakshmi Nagar IXth 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 amount to Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, resulting in a total cost of 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 also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Lakshmi Nagar IXth Cross Street?

The Sub Registrar Office that covers Lakshmi Nagar IXth Cross Street 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

When buying or selling property in Porur, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value serves as a benchmark for property transactions, ensuring that the transaction is recorded at a fair value.

During the registration process, the authorities will assess the property based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Lakshmi Nagar IXth 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 from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, reflecting a 10% increase. From 2017 to 2023, it increased by 49% from Rs 2,412 per sq.ft.

What is the land classification for Lakshmi Nagar IXth Cross Street?

Lakshmi Nagar IXth Cross Street is classified as Residential Special Type - I, indicating its suitability for residential development.

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 in 2024, including Lakshmi Nagar IV th Main Road, Lakshmi Nagar IV th Cross Street, Lakshmi Nagar Ist Main Road, Lakshmi Nagar Ist Cross Street, Lakshmi Nagar II nd Street, and Lakshmi Nagar II nd Main Road.

Where can I find the Sub Registrar Office for Lakshmi Nagar IXth Cross Street?

The Kunrathur Sub Registrar Office covers Lakshmi Nagar IXth Cross Street and is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details online.