Guideline Value for Lakshmi Nagar XIth Cross Street

Lakshmi Nagar XIth Cross Street guideline value

The current guideline value of Lakshmi Nagar XIth 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 XIth Cross Street has changed

The guideline value for Lakshmi Nagar XIth Cross Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,600 per sq.ft. In 2017, the value decreased to Rs 2,412 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 3,600 per sq.ft in 2023, followed by a further increase to Rs 3,960 per sq.ft in the 2024 revision, reflecting a rise of 10% from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value is Rs 3,960 per sq.ft, which is the same as the current value for Lakshmi Nagar XIth Cross Street.

• Lakshmi Nagar XIIth Cross Street: Rs 3,960 per sq.ft (2024)
• Lakshmi Nagar Xth Cross Street: Rs 3,960 per sq.ft (2024)
• Lakshmi Nagar XIIIth Cross Street: Rs 3,960 per sq.ft (2024)
• Lakshmi Nagar V th Main Road: Rs 3,960 per sq.ft (2024)
• Lakshmi Nagar V th Cross Street: Rs 3,960 per sq.ft (2024)
• Lakshmi Nagar VI th Main Road: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Nagar XIth 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 amounts to 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, bringing the total to Rs 3,56,400. Note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar XIth Cross Street?

The Sub Registrar Office that covers Lakshmi Nagar XIth Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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 transaction, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in assessing the minimum value at which the property can be registered. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Lakshmi Nagar XIth 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 2012 to Rs 2,412 per sq.ft in 2017, then back to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What are the other streets in Porur with the same guideline value?

Other streets in Porur with the same guideline value of Rs 3,960 per sq.ft include Lakshmi Nagar XIIth Cross Street, Lakshmi Nagar Xth Cross Street, Lakshmi Nagar XIIIth Cross Street, Lakshmi Nagar V th Main Road, Lakshmi Nagar V th Cross Street, and Lakshmi Nagar VI th Main Road.

How is stamp duty calculated for property in Lakshmi Nagar XIth Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 2,77,200 based on the current guideline value.

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

The Sub Registrar Office for Lakshmi Nagar XIth Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO through the provided link.