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Guideline Value

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Guideline Value for N.S.C. Bose Nagar Lakshmi Street

₹3960/sq.ft.

The guideline value for N.s.c. Bose Nagar Lakshmi 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 N.s.c. Bose Nagar Lakshmi Street

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N.S.C. Bose Nagar Lakshmi Street guideline value

The current guideline value of N.S.C. Bose Nagar Lakshmi Street is Rs 3,960 per sq.ft. This street is located in Porur village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of N.S.C. Bose Nagar Lakshmi Street has changed

The guideline value for N.S.C. Bose Nagar Lakshmi Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which was a decrease of 33% from the Rs 2,412 per sq.ft recorded in the 2017 revision. The 2023 revision increased the value to Rs 3,600 per sq.ft, which remained unchanged until the latest revision in 2024, where the value rose to Rs 3,960 per sq.ft, marking a 10% increase.

There are no figures available for the revisions in 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 that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with the median value being Rs 3,960 per sq.ft. N.S.C. Bose Nagar Lakshmi Street's 2024 guideline value aligns perfectly with this median.

Stamp duty and registration fee for property in N.S.C. Bose Nagar Lakshmi 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, bringing the total cost for these fees to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.S.C. Bose Nagar Lakshmi Street?

The N.S.C. Bose Nagar Lakshmi Street is covered by 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 in the registration process of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buyers and sellers engage in a transaction, the guideline value is used to ensure that the appropriate taxes are levied based on the value of the property being registered. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of N.S.C. Bose Nagar Lakshmi Street?

The current guideline value of N.S.C. Bose Nagar Lakshmi 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. It was Rs 2,412 per sq.ft in 2017 and Rs 3,600 per sq.ft in 2012.

What is the land classification for N.S.C. Bose Nagar Lakshmi Street?

The land classification for N.S.C. Bose Nagar Lakshmi Street is Residential Special Type - I.

Where can I find the registration office for N.S.C. Bose Nagar Lakshmi Street?

The registration office for N.S.C. Bose Nagar Lakshmi Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 at 7%.