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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar VI th Main Road

₹3960/sq.ft.

The guideline value for Lakshmi Nagar Vi 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 Vi Th Main Road

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Lakshmi Nagar VI th Main Road guideline value

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

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

The guideline value for Lakshmi Nagar VI th Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 505 per sq.ft. This 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 was a significant increase of +43%. By 2012, the value had jumped to Rs 3,600 per sq.ft, reflecting a remarkable rise of +260%. However, this figure decreased to Rs 2,412 per sq.ft in 2017, showing a decline of -33%. The guideline value then increased to Rs 3,600 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 3,960 per sq.ft, which is an increase of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +684% for Lakshmi Nagar VI th Main Road.

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 is Rs 3,960 per sq.ft, which is the same as the guideline value for Lakshmi Nagar VI th Main Road.

Stamp duty and registration fee for property in Lakshmi Nagar VI 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, making the total cost for these fees 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.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Lakshmi Nagar VI 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 during the registration of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Lakshmi Nagar VI th Main Road is Rs 3,960 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased 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 are the stamp duty and registration fees for property transactions?

For a property valued at 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.

Which office handles property registration for Lakshmi Nagar VI th Main Road?

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

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in the property market.