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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar Ist Cross Street

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Ist 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 ₹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 Ist Cross Street

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Lakshmi Nagar Ist Cross Street guideline value

The current guideline value for Lakshmi Nagar Ist 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 is classified as Residential Special Type - I.

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

The guideline value for Lakshmi Nagar Ist Cross Street has seen significant changes over the years. In the 2002 revision, the value was Rs 505 per sq.ft, which increased to Rs 700 per sq.ft in 2003. Following this, the value rose to Rs 1,000 per sq.ft in 2007, and then saw a substantial increase to Rs 3,600 per sq.ft in 2012. However, it decreased to Rs 2,412 per sq.ft in 2017. The value then increased to Rs 3,600 per sq.ft in 2023, and currently stands at Rs 3,960 per sq.ft in the 2024 revision.

Between the revisions, the changes were as follows: from 2002 to 2003, there was an increase of 39%; from 2003 to 2007, the value rose by 43%; from 2007 to 2012, it increased by 260%; from 2012 to 2017, there was a decrease of 33%; and from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 is an increase of 10%. 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 is Rs 3,960 per sq.ft, which is equal to the current guideline value of Lakshmi Nagar Ist Cross Street.

Stamp duty and registration fee for property in Lakshmi Nagar Ist 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 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 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 Ist Cross Street?

The Sub Registrar Office that covers Lakshmi Nagar Ist Cross Street 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

When buying or selling property in Porur, the guideline value is used as a reference for determining the stamp duty and registration fees. This value is essential for ensuring that the transaction is registered correctly and that the appropriate taxes are paid.

During the registration process, the guideline value serves as a benchmark to assess the value of the property. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, which ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for Lakshmi Nagar Ist Cross Street?

The current guideline value for Lakshmi Nagar Ist 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 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 the years.

What is the stamp duty rate for property transactions in Lakshmi Nagar Ist Cross Street?

The stamp duty rate for property transactions in Lakshmi Nagar Ist Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Lakshmi Nagar Ist Cross Street?

The Sub Registrar Office covering Lakshmi Nagar Ist Cross Street is 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 serves as a benchmark for assessing the value of the property and ensuring that the correct taxes are paid.