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Guideline Value

Corporate

Guideline Value for Thirumurugan Nagar 1st Cross Road

₹4950/sq.ft.

The guideline value for Thirumurugan Nagar 1st Cross Road 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 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 Thirumurugan Nagar 1st Cross Road

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Thirumurugan Nagar 1st Cross Road guideline value

The current guideline value of Thirumurugan Nagar 1st Cross Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This area is located in Porur village and falls under the Kunrathur SRO with a land classification of Mixed Special Type - I.

How the guideline value of Thirumurugan Nagar 1st Cross Road has changed

The guideline value for Thirumurugan Nagar 1st Cross Road has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 4,500 per sq.ft. This figure remained the same until 2017, when it decreased to Rs 3,015 per sq.ft. Following that, the value increased significantly to Rs 4,500 per sq.ft in 2023 and then rose again to Rs 4,950 per sq.ft in 2024. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Between the revisions, the guideline value saw a 33% decrease from 2012 to 2017, followed by a 49% increase from 2017 to 2023. The most recent change from 2023 to 2024 represents a 10% increase. 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 a median value of Rs 3,960 per sq.ft. The guideline value of Thirumurugan Nagar 1st Cross Road is above this median.

Stamp duty and registration fee for property in Thirumurugan Nagar 1st Cross Road

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, while the registration fee at 2% would be Rs 99,000, bringing the total cost for these fees to 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 also use our stamp duty and registration fee calculator for more accurate estimates based on your property details.

Which Sub Registrar Office covers Thirumurugan Nagar 1st Cross Road?

The Thirumurugan Nagar 1st Cross Road 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 plays a crucial role during the registration of property transactions in Porur. It is used to determine the amount of stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on whichever amount is higher. This ensures that the government receives appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Thirumurugan Nagar 1st Cross Road?

The current guideline value of Thirumurugan Nagar 1st Cross Road 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 from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then increased to Rs 4,500 per sq.ft in 2023, and finally to Rs 4,950 per sq.ft in 2024.

What is the land classification for Thirumurugan Nagar 1st Cross Road?

The land classification for Thirumurugan Nagar 1st Cross Road is Mixed Special Type - I.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles property registrations for Thirumurugan Nagar 1st Cross Road?

The Kunrathur Sub Registrar Office handles property registrations for Thirumurugan Nagar 1st Cross Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.