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Guideline Value

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Guideline Value for R.E. Nagar III rd Street (East)

₹3520/sq.ft.

The guideline value for R.e. Nagar Iii Rd Street (east) 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 Iii Rd Street (east)

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R.E. Nagar III rd Street (East) guideline value

The current guideline value of R.E. Nagar III rd Street (East) is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and it is classified as Residential Special Type - II.

How the guideline value of R.E. Nagar III rd Street (East) has changed

The guideline value for R.E. Nagar III rd Street (East) has undergone several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was then revised down to Rs 2,144 per sq.ft in 2017. However, the following revision in 2023 saw a significant increase to Rs 3,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes from the 2017 revision to 2023 represent a 49% increase, while the change from 2012 to 2017 was a decrease of 33%. The register has no 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 guideline value for these streets is Rs 3,960 per sq.ft, indicating that the guideline value of R.E. Nagar III rd Street (East) is below that median.

Stamp duty and registration fee for property in R.E. Nagar III rd Street (East)

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 is charged at 7%, which totals Rs 2,46,400, and the registration fee is 2%, amounting to Rs 70,400. Together, these fees come to Rs 3,16,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers R.E. Nagar III rd Street (East)?

The Sub Registrar Office that covers R.E. Nagar III rd Street (East) 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 critical factor in the registration process when buying or selling property in Porur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value as per government norms.

When a property is sold, the guideline value helps determine the official value of the property for tax purposes. Buyers and sellers should be aware of the current guideline value to ensure that they are compliant with registration requirements and to avoid any penalties.

Frequently asked questions

What is the current guideline value of R.E. Nagar III rd Street (East)?

The current guideline value of R.E. Nagar III rd Street (East) 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 2023 to Rs 3,520 per sq.ft in 2024, representing a 10% increase. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for R.E. Nagar III rd Street (East)?

R.E. Nagar III rd Street (East) is classified as Residential Special Type - II, which is relevant for determining its guideline value and usage.

What are the stamp duty rates applicable in this area?

The stamp duty rate applicable for property transactions in this area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for R.E. Nagar III rd Street (East)?

The Sub Registrar Office for R.E. Nagar III rd Street (East) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.