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Guideline Value

Corporate

Guideline Value for Thirumurugan Nagar IInd Cross Street

₹4950/sq.ft.

The guideline value for Thirumurugan Nagar Iind 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 Iind Cross Street

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Thirumurugan Nagar IInd Cross Street guideline value

The current guideline value for Thirumurugan Nagar IInd 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 with a land classification of Mixed Special Type - I.

How the guideline value of Thirumurugan Nagar IInd Cross Street has changed

Over the years, the guideline value for Thirumurugan Nagar IInd Cross Street has seen several revisions. The 2012 revision set the value at Rs 4,500 per sq.ft, which was a decrease of 33% from Rs 3,015 per sq.ft in the 2017 revision. The value remained at Rs 4,500 per sq.ft in 2023, before increasing to Rs 4,950 per sq.ft in the 2024 revision, marking a 10% rise.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 3,015 per sq.ft to Rs 4,500 per sq.ft. The overall change from the 2012 revision to the 2024 revision reflects a 10% increase, highlighting the fluctuations in the guideline value over the years. 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 value among these streets is Rs 3,960 per sq.ft, placing Thirumurugan Nagar IInd Cross Street's value above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the 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, leading to a total of Rs 4,45,500. It is important to note that 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 IInd Cross Street?

The Thirumurugan Nagar IInd Cross 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. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is assessed to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price, which can significantly impact the total expenditure involved in the transaction.

Frequently asked questions

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

The current guideline value of Thirumurugan Nagar IInd 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 undergone several revisions, increasing from Rs 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024, and from Rs 3,015 per sq.ft in 2017 to Rs 4,500 per sq.ft in 2023.

What is the land classification for Thirumurugan Nagar IInd Cross Street?

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

Where can I find the registration office for this area?

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

How is stamp duty calculated for properties in this area?

Stamp duty for properties in Thirumurugan Nagar IInd Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the same value.