Guideline Value

Corporate

Guideline Value for Welcome Nagar 2nd Lane

₹3960/sq.ft.

The guideline value for Welcome Nagar 2nd Lane in Porur village (Kunrathur SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /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 Welcome Nagar 2nd Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Welcome Nagar 2nd Lane guideline value

The current guideline value of Welcome Nagar 2nd Lane in Porur village, under the Kunrathur SRO, is Rs 3,960 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Welcome Nagar 2nd Lane has changed

The guideline value for Welcome Nagar 2nd Lane has seen several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which was a decrease of 33% from Rs 2,412 per sq.ft in the 2017 revision. The value remained the same in 2012 and did not change in the revisions for 2002, 2003, and 2007, as there are no figures for these years.

In 2023, the guideline value increased to Rs 3,600 per sq.ft, and with the latest 2024 revision, it rose by 10% to Rs 3,960 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 carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, which is equal to the 2024 figure for Welcome Nagar 2nd Lane.

Stamp duty and registration fee for property in Welcome Nagar 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, making the total fees Rs 3,56,400. 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 Welcome Nagar 2nd Lane?

The Sub Registrar Office that covers Welcome Nagar 2nd Lane is 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 critical factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Welcome Nagar 2nd Lane?

The current guideline value of Welcome Nagar 2nd Lane is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, an increase of 10%. It was Rs 2,412 per sq.ft in 2017, showing a 49% rise to 2023.

What is the land classification for Welcome Nagar 2nd Lane?

The land classification for Welcome Nagar 2nd Lane is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Kunrathur Sub Registrar Office, which covers Welcome Nagar 2nd Lane, is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Welcome Nagar 2nd Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 at 7%.