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Guideline Value

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Guideline Value for R.E. Nagar 5th Street to Melpallikuppam (West)

₹3520/sq.ft.

The guideline value for R.e. Nagar 5th Street To Melpallikuppam (west) in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /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 R.e. Nagar 5th Street To Melpallikuppam (west)

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R.E. Nagar 5th Street to Melpallikuppam (West) guideline value

The current guideline value for R.E. Nagar 5th Street to Melpallikuppam (West) is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of R.E. Nagar 5th Street to Melpallikuppam (West) has changed

Over the years, the guideline value for R.E. Nagar 5th Street to Melpallikuppam (West) has seen several revisions. The 2012 revision recorded a guideline value of Rs 3,200 per sq.ft, which was then reduced to Rs 2,144 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,200 per sq.ft in 2023, and the latest revision in 2024 has set the guideline value at Rs 3,520 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes from the 2017 revision to the 2023 revision reflect a 49% increase, while the overall change from 2012 to 2024 shows a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register 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 among these streets is Rs 3,960 per sq.ft, placing R.E. Nagar 5th Street to Melpallikuppam (West) below that median.

Stamp duty and registration fee for property in R.E. Nagar 5th Street to Melpallikuppam (West)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, while the registration fee at 2% would be Rs 70,400, bringing the total fees together to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers R.E. Nagar 5th Street to Melpallikuppam (West)?

The R.E. Nagar 5th Street to Melpallikuppam (West) area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Porur

The guideline value plays a crucial role in the registration process of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a buyer or seller engages in a property transaction, the registration office uses the guideline value to calculate the applicable fees. This ensures that the registration process is standardized and transparent, reflecting the value of the property as per the latest revisions.

Frequently asked questions

What is the current guideline value for R.E. Nagar 5th Street to Melpallikuppam (West)?

The current guideline value for R.E. Nagar 5th Street to Melpallikuppam (West) is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for R.E. Nagar 5th Street to Melpallikuppam (West)?

The land classification for R.E. Nagar 5th Street to Melpallikuppam (West) is Residential Special Type - II.

What are the stamp duty rates for properties in this area?

The stamp duty rate is 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400.

Which registration office covers this area?

The Kunrathur Sub Registrar Office covers R.E. Nagar 5th Street to Melpallikuppam (West), located at No.59, Road Street, Kundrathur, Chennai -600 069.