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

₹3960/sq.ft.

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

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

The current guideline value of N.S.C. Bose Nagar Meenatchi 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 N.S.C. Bose Nagar Meenatchi Street has changed

In the 2012 revision, the guideline value was Rs 3,600 per sq.ft. This was followed by a decrease to Rs 2,412 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 3,600 per sq.ft in the 2023 revision, and again to Rs 3,960 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a net increase of 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

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 aligns with the current guideline value of N.S.C. Bose Nagar Meenatchi Street.

Stamp duty and registration fee for property in N.S.C. Bose Nagar Meenatchi Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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. 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 N.S.C. Bose Nagar Meenatchi Street?

The Sub Registrar Office that covers N.S.C. Bose Nagar Meenatchi 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

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 transparency in the property market.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both buyers and sellers are aware of the costs involved in the registration process.

Frequently asked questions

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

The current guideline value of N.S.C. Bose Nagar Meenatchi 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 stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 3,56,400, which includes a stamp duty of Rs 2,77,200 and a registration fee of Rs 79,200.

Which office handles property registrations for N.S.C. Bose Nagar Meenatchi Street?

The Kunrathur Sub Registrar Office handles property registrations for N.S.C. Bose Nagar Meenatchi Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What other streets have the same guideline value in Porur?

Other streets in Porur that share the same guideline value of Rs 3,960 per sq.ft include N.S.C. Bose Nagar Lakshmi Street, N.S.C. Bose Nagar Pearl Street, N.S.C. Bose Nagar Kamatchi Street, N.S.C. Bose Nagar Silver Street, N.S.C. Bose Nagar Golden Street, and N.S.C. Bose Nagar Gandhi Street.