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Guideline Value

Corporate

Guideline Value for Thirumurugan Nagar IIIrd Cross Street

₹4950/sq.ft.

The guideline value for Thirumurugan Nagar Iiird Cross 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 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 Iiird Cross Street

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Thirumurugan Nagar IIIrd Cross Street guideline value

The current guideline value of Thirumurugan Nagar IIIrd Cross 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 Thirumurugan Nagar IIIrd Cross Street has changed

The guideline value for Thirumurugan Nagar IIIrd Cross Street has seen several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 4,500 per sq.ft. This value remained unchanged until the 2017 revision, which dropped to Rs 3,015 per sq.ft, marking a decrease of 33%. However, the value rebounded significantly in the 2023 revision to Rs 4,500 per sq.ft, and then increased by 10% to Rs 4,950 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. 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, with a median value of Rs 3,960 per sq.ft. Thirumurugan Nagar IIIrd Cross Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Thirumurugan Nagar IIIrd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, totaling Rs 4,45,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumurugan Nagar IIIrd Cross Street?

The Sub Registrar Office covering Thirumurugan Nagar IIIrd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for additional information.

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

The guideline value is a crucial factor when buying or selling property in Porur, as it determines the amount of stamp duty and registration fees that need to be paid. This value is set by the government and reflects the market value of the property based on various factors.

When a property is registered, the guideline value is used to calculate the applicable duties. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirumurugan Nagar IIIrd Cross Street?

The current guideline value of Thirumurugan Nagar IIIrd Cross 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 from Rs 4,500 per sq.ft in 2012, decreased to Rs 3,015 per sq.ft in 2017, 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 IIIrd Cross Street?

The land classification for Thirumurugan Nagar IIIrd Cross Street is Mixed Special Type - I.

What are the stamp duty rates for properties in Thirumurugan Nagar IIIrd Cross Street?

The stamp duty rate for properties in Thirumurugan Nagar IIIrd Cross Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Thirumurugan Nagar IIIrd Cross Street?

The Kunrathur Sub Registrar Office handles the registration for Thirumurugan Nagar IIIrd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.