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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar Ist Main Road

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Ist 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 ₹446 /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 Main Road

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Lakshmi Nagar Ist Main Road guideline value

The current guideline value of Lakshmi Nagar Ist Main Road is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

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

The guideline value for Lakshmi Nagar Ist Main Road has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 446 per sq.ft. This increased to Rs 700 per sq.ft in 2003, marking a 57% rise. By 2007, the value further increased to Rs 1,000 per sq.ft, a 43% increase from the previous revision. The 2012 revision saw the value rise to Rs 3,600 per sq.ft, reflecting a significant 260% increase from 2007. However, the following revision in 2017 dropped the value to Rs 2,412 per sq.ft, a decrease of 33% from the 2012 figure. The value then rose to Rs 3,600 per sq.ft in 2023, indicating a 49% increase. The most recent revision in 2024 sets the guideline value at Rs 3,960 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 788%.

Guideline values in Porur

In Porur village, 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 is equal to the guideline value of Lakshmi Nagar Ist Main Road.

Stamp duty and registration fee for property in Lakshmi Nagar Ist 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, totaling 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 further calculations.

Which Sub Registrar Office covers Lakshmi Nagar Ist Main Road?

The Sub Registrar Office that covers Lakshmi Nagar Ist 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 during the registration of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transacted.

Frequently asked questions

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

The current guideline value of Lakshmi Nagar Ist 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 446 per sq.ft in 2002 to Rs 3,960 per sq.ft in 2024, showing an overall increase of 788% over this period.

What is the land classification for Lakshmi Nagar Ist Main Road?

Lakshmi Nagar Ist Main Road is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 and the registration fee would be Rs 79,200, totaling Rs 3,56,400.

Which office handles the registration for Lakshmi Nagar Ist Main Road?

The Kunrathur Sub Registrar Office handles the registration for Lakshmi Nagar Ist Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.