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Guideline Value

Corporate

Guideline Value for Thirumurugan Nagar 1st Main Road

₹4950/sq.ft.

The guideline value for Thirumurugan Nagar 1st Main 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 Main Road

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Thirumurugan Nagar 1st Main Road guideline value

The current guideline value of Thirumurugan Nagar 1st Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Mixed Special Type - I.

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

Over the years, the guideline value for Thirumurugan Nagar 1st Main Road has seen several revisions. The 2012 revision set the value at Rs 4,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 3,015 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

In the subsequent revisions, the guideline value increased significantly. The 2023 revision raised the value to Rs 4,500 per sq.ft, and the latest revision in 2024 increased it by 10% to Rs 4,950 per sq.ft. 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 have a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median of Rs 3,960 per sq.ft. The guideline value of Thirumurugan Nagar 1st Main Road is above this median.

Stamp duty and registration fee for property in Thirumurugan Nagar 1st Main 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, and the registration fee at 2% would be Rs 99,000, totaling 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.

For more details, you can use the stamp duty and registration fee calculator.

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

The Thirumurugan Nagar 1st Main 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 is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Porur, the guideline value is used to calculate the stamp duty and registration fees applicable during the registration process.

It is essential to be aware that the guideline value can influence the overall cost of property transactions. Buyers should ensure they are informed about the current guideline value to avoid any discrepancies during the registration of property.

Frequently asked questions

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

The current guideline value of Thirumurugan Nagar 1st Main 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 2023 to Rs 4,950 per sq.ft in 2024, marking a 10% increase. It was Rs 3,015 per sq.ft in 2017, which reflects a 49% increase to the 2023 figure.

What is the land classification of Thirumurugan Nagar 1st Main Road?

Thirumurugan Nagar 1st Main Road is classified as Mixed Special Type - I.

Where can I find the registration office for Thirumurugan Nagar 1st Main Road?

The registration office for Thirumurugan Nagar 1st Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Thirumurugan Nagar 1st Main Road?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 49,50,000, the stamp duty would be Rs 3,46,500.