Guideline Value

Corporate

Guideline Value for L.B. ROAD 3RD AVENUE

₹12660/sq.ft.

The guideline value for L.b. Road 3rd Avenue 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]
Records for a plot on L.b. Road 3rd Avenue

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

L.B. Road 3rd Avenue guideline value

The current guideline value of L.B. Road 3rd Avenue is Rs 12,660 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of L.B. Road 3rd Avenue has changed

The guideline value for L.B. Road 3rd Avenue has seen significant changes over the years. In the 2002 revision, the value was Rs 1,475 per sq.ft. This increased to Rs 1,632 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 1,800 per sq.ft in 2007, a further increase of 10%. In 2012, the guideline value dropped to Rs 11,500 per sq.ft, which represented a decrease of 33% compared to the previous revision. The 2017 revision saw a substantial increase to Rs 7,705 per sq.ft, which was a 49% rise. Following this, the 2023 revision set the value at Rs 11,500 per sq.ft, and the most recent 2024 revision has established it at Rs 12,660 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years not listed in the register for this street. The overall change from 2002 to 2024 is an increase of 758% in the guideline value.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with 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, placing L.B. Road 3rd Avenue above this median.

Stamp duty and registration fee for property in L.B. Road 3rd Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 12,660 per sq.ft, the total guideline value would be Rs 1,26,60,000. The stamp duty at 7% would amount to Rs 8,86,200, and the registration fee at 2% would be Rs 2,53,200, resulting in a total of 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 more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers L.B. Road 3rd Avenue?

The Sub Registrar Office that covers L.B. Road 3rd Avenue 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 is a crucial factor in the registration 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 property is not undervalued during the sale process.

When buying or selling property, both the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with legal requirements and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of L.B. Road 3rd Avenue?

The current guideline value of L.B. Road 3rd Avenue 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, reflecting an overall increase of 758% over this period.

What is the land classification for L.B. Road 3rd Avenue?

L.B. Road 3rd Avenue is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where is the Sub Registrar Office for L.B. Road 3rd Avenue located?

The Sub Registrar Office for L.B. Road 3rd Avenue is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in L.B. Road 3rd Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,26,60,000, the stamp duty would be Rs 8,86,200 at a rate of 7%.