Guideline Value

Corporate

Guideline Value for Welcome Nagar

₹3960/sq.ft.

The guideline value for Welcome Nagar 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 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹240 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹217 /sq.ft.
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]

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Welcome Nagar guideline value

The current guideline value of Welcome Nagar, located 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 has changed

The guideline value for Welcome Nagar has undergone several revisions since 2002. The figures are as follows: in 2002, the guideline value was Rs 217 per sq.ft, which increased to Rs 240 per sq.ft in 2003. This marked a change of 11%. The value then rose significantly to Rs 600 per sq.ft in 2007, reflecting a 150% increase. In 2012, the value was Rs 3,600 per sq.ft, a decrease of 33% from the previous revision. The guideline value saw another rise to Rs 2,412 per sq.ft in 2017, which was a 49% increase. The most recent revision in 2023 set the value at Rs 3,600 per sq.ft, and the current value is Rs 3,960 per sq.ft, marking a 10% increase from 2023 to 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1,725%. There are no figures in the register for Welcome Nagar for the years not listed above.

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. Welcome Nagar's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Welcome Nagar

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, totaling Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Welcome Nagar?

The Sub Registrar Office that covers Welcome Nagar 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

When buying or selling property in Porur, the guideline value is crucial as it determines the stamp duty and registration fees payable at the time of registration. This value is set by the government and is periodically revised to reflect changes in the market.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during property transactions. The guideline value serves as a benchmark for assessing property transactions and is used by the registration authorities for calculating applicable fees.

Frequently asked questions

What is the current guideline value of Welcome Nagar?

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

How much has the guideline value changed since 2002?

Since 2002, the guideline value has increased by 1,725%, from Rs 217 per sq.ft to Rs 3,960 per sq.ft as of 2024.

What is the land classification for Welcome Nagar?

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

Where can I find the registration office for Welcome Nagar?

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

How is stamp duty calculated for property in Welcome Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total guideline value of Rs 39,60,000.