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Guideline Value

Corporate

Guideline Value for Thiru Murugan Nagar II nd Street

₹4950/sq.ft.

The guideline value for Thiru Murugan Nagar Ii Nd Street in Porur village (Kunrathur SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹600 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹287 /sq.ft.
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 Thiru Murugan Nagar Ii Nd Street

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Thiru Murugan Nagar II nd Street guideline value

The current guideline value of Thiru Murugan Nagar II nd Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO, classified as Mixed Special Type - I.

How the guideline value of Thiru Murugan Nagar II nd Street has changed

The guideline value for Thiru Murugan Nagar II nd Street has undergone several revisions over the years. In 2002, the guideline value was Rs 287 per sq.ft, which increased to Rs 600 per sq.ft in 2003. The value continued to rise, reaching Rs 1,250 per sq.ft in 2007, and then significantly jumped to Rs 4,500 per sq.ft in 2012. However, it decreased to Rs 3,015 per sq.ft in 2017. The value then increased to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 4,950 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2002 to 2003, the increase was +109%. The rise from 2003 to 2007 was +108%. The jump from 2007 to 2012 was +260%, followed by a decrease of -33% from 2012 to 2017. The value then rose by +49% from 2017 to 2023, and the latest revision from 2023 to 2024 saw an increase of +10%. Overall, from 2002 to 2024, the guideline value has increased by +1625%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with 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, placing Thiru Murugan Nagar II nd Street above this median.

Stamp duty and registration fee for property in Thiru Murugan Nagar II nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, leading to a total of Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Thiru Murugan Nagar II nd Street?

The Thiru Murugan Nagar II nd 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. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. Understanding this value helps in making informed decisions during property dealings in the region.

Frequently asked questions

What is the current guideline value of Thiru Murugan Nagar II nd Street?

The current guideline value of Thiru Murugan Nagar II nd Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 287 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of +1625%.

What is the registration office for Thiru Murugan Nagar II nd Street?

The registration office for Thiru Murugan Nagar II nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000.

What are the guideline values of other streets in Porur?

Other streets in Porur under the Kunrathur SRO have guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. For instance, Thirumurugan Nagar IInd Cross Street and Thiru Murugan Nagar Ist Street both have a guideline value of Rs 4,950 per sq.ft in 2024.