Guideline Value

Corporate

Guideline Value for Welcome Nagar Main Road

₹3960/sq.ft.

The guideline value for Welcome Nagar Main Road 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 Main Road

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Welcome Nagar Main Road guideline value

The current guideline value of Welcome Nagar Main Road is Rs 3,960 per sq.ft, effective from 1 July 2024. This road is located in Porur village and falls under the Kunrathur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Welcome Nagar Main Road has changed

In the 2012 revision, the guideline value was Rs 3,600 per sq.ft. This figure then decreased to Rs 2,412 per sq.ft in the 2017 revision, representing a decline of 33%. However, the value increased significantly to Rs 3,600 per sq.ft in the 2023 revision, marking a 49% rise. The current revision in 2024 sees the guideline value increase to Rs 3,960 per sq.ft, reflecting a growth of 10% from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the current 2024 revision, 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 for these streets is Rs 3,960 per sq.ft, which is the same as the current guideline value for Welcome Nagar Main Road.

Stamp duty and registration fee for property in Welcome Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total to Rs 3,56,400. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Welcome Nagar Main Road?

The Sub Registrar Office that covers Welcome Nagar Main Road 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 crucial factor in property transactions in Porur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the true value of the property. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Welcome Nagar Main Road?

The current guideline value of Welcome Nagar Main Road 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 seen several revisions: Rs 3,600 in 2012, Rs 2,412 in 2017, Rs 3,600 in 2023, and now Rs 3,960 in 2024. The most significant change was a 49% increase from 2017 to 2023.

What is the land classification for Welcome Nagar Main Road?

Welcome Nagar Main Road is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for this area?

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

How is stamp duty calculated for properties in Welcome Nagar?

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