Guideline Value

Corporate

Guideline Value for L.B. ROAD 1ST STREET

₹12660/sq.ft.

The guideline value for L.b. Road 1st Street in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 12660 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹12660 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1632 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1475 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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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L.B. Road 1st Street guideline value

The current guideline value of L.B. Road 1st Street is Rs 12,660 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Commercial Class I Type - I.

How the guideline value of L.B. Road 1st Street has changed

The guideline value for L.B. Road 1st Street has seen significant changes over the years. In 2002, the guideline value was Rs 1,475 per sq.ft, which increased to Rs 1,632 per sq.ft in 2003, reflecting a change of +11%. The value then rose to Rs 1,800 per sq.ft in 2007, marking a +10% increase. A substantial jump occurred between 2007 and 2012, where the value surged to Rs 11,500 per sq.ft, resulting in a remarkable +539% change. However, from 2012 to 2017, the value decreased to Rs 7,705 per sq.ft, showing a decline of -33%. The guideline value then increased significantly to Rs 11,500 per sq.ft in 2023, followed by another increase to Rs 12,660 per sq.ft in 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +758%. The register has no figure for the years not mentioned in this summary.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing L.B. Road 1st Street's 2024 figure above that median.

Stamp duty and registration fee for property in L.B. Road 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 12,660 per sq.ft, the guideline value amounts to Rs 1,26,60,000. The stamp duty at 7% would be Rs 8,86,200, and the registration fee at 2% would be Rs 2,53,200, bringing the total to Rs 11,39,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers L.B. Road 1st Street?

The Sub Registrar Office that covers L.B. Road 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value as it affects the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is compared with the sale price to determine the applicable duties. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. Conversely, if the guideline value is higher, the duty is calculated on that figure.

Frequently asked questions

What is the current guideline value of L.B. Road 1st Street?

The current guideline value of L.B. Road 1st Street is Rs 12,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,475 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, representing an overall increase of +758%.

What is the registration office for L.B. Road 1st Street?

The registration office for L.B. Road 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the stamp duty and registration fees for property in L.B. Road 1st Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 11,39,400, calculated based on the guideline value of Rs 1,26,60,000.

What is the land classification for L.B. Road 1st Street?

L.B. Road 1st Street is classified as Commercial Class I Type - I, which is important for understanding its usage and potential in the area.