Guideline Value

Corporate

Guideline Value for L.B. ROAD 2ND ROAD

₹12660/sq.ft.

The guideline value for L.b. Road 2nd Road 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 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)

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]
Records for a plot on L.b. Road 2nd Road

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L.B. Road 2nd Road guideline value

The current guideline value of L.B. Road 2nd Road 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 2nd Road has changed

The guideline value for L.B. Road 2nd Road has undergone several revisions over the years. The 2012 revision set the value at Rs 11,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 7,705 per sq.ft. The value remained at Rs 11,500 per sq.ft until the 2023 revision, which increased it to Rs 11,500 per sq.ft. The most recent revision in 2024 has raised the value to Rs 12,660 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

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 value for these streets is Rs 9,900 per sq.ft, which means that the guideline value for L.B. Road 2nd Road is above the median.

Stamp duty and registration fee for property in L.B. Road 2nd Road

For a 1,000 sq.ft plot at the current rate 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, totaling Rs 11,39,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers L.B. Road 2nd Road?

The Sub Registrar Office covering L.B. Road 2nd Road 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 crucial role during the registration process of property transactions in Thiruvanmiyur. 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 duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it may influence negotiations and the final sale price. Buyers should ensure that the sale price is at least equal to the guideline value to avoid issues during registration.

Frequently asked questions

What is the current guideline value for L.B. Road 2nd Road?

The current guideline value for L.B. Road 2nd Road 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 from Rs 11,500 per sq.ft in 2012 to Rs 12,660 per sq.ft in 2024, reflecting an overall increase of 10%. The value saw a significant increase of 49% from 2017 to 2023.

What is the stamp duty for property in L.B. Road 2nd Road?

The stamp duty for property in L.B. Road 2nd Road is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 1,26,60,000, the stamp duty would be Rs 8,86,200.

Where is the Sub Registrar Office for L.B. Road 2nd Road located?

The Sub Registrar Office for L.B. Road 2nd Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for L.B. Road 2nd Road?

L.B. Road 2nd Road is classified as Commercial Class I Type - I, indicating its use for commercial purposes.