Guideline Value

Corporate

Guideline Value for L.B. ROAD 3RD STREET

₹12660/sq.ft.

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

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L.B. Road 3rd Street guideline value

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

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

The guideline value for L.B. Road 3rd Street has seen significant changes over the years. In 2002, the rate was Rs 1,475 per sq.ft, which increased to Rs 1,632 per sq.ft in 2003, marking an 11% rise. By 2007, the value surged to Rs 1,800 per sq.ft, a 10% increase from the previous revision. The value then rose dramatically to Rs 11,500 per sq.ft in 2012, reflecting a 539% increase from 2007. However, it decreased to Rs 7,705 per sq.ft in 2017, a 33% drop. The value rebounded to Rs 11,500 per sq.ft in 2023, before reaching the current rate of Rs 12,660 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 758%. The revisions from 2017 to 2023 show a notable increase of 49%, emphasizing the fluctuations in the guideline value over the years.

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, placing L.B. Road 3rd Street's value above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 12,660 per sq.ft, the total 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 or the sale price.

You can use the stamp duty and registration fee calculator for more specific calculations.

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

The L.B. Road 3rd Street falls under 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 of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

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

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

What is the median guideline value in Thiruvanmiyur?

The median guideline value for the 484 streets in Thiruvanmiyur is Rs 9,900 per sq.ft, with L.B. Road 3rd Street's value being above this median.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 1,26,60,000, the stamp duty would be Rs 8,86,200 and the registration fee would be Rs 2,53,200, totaling Rs 11,39,400.

Which office handles the registration for L.B. Road 3rd Street?

The registration for L.B. Road 3rd Street is handled by 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.