Guideline Value

Corporate

Guideline Value for L.B. ROAD 5TH ROAD

₹12660/sq.ft.

The guideline value for L.b. Road 5th 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 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1153 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1042 /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 5th Road

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L.B. Road 5th Road guideline value

The current guideline value of L.B. Road 5th 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 5th Road has changed

The guideline value for L.B. Road 5th Road has seen several revisions over the years. In 2002, the value was Rs 1,042 per sq.ft, which increased to Rs 1,153 per sq.ft in 2003, marking a rise of 11%. The value continued to rise significantly, reaching Rs 1,800 per sq.ft in 2007, a notable increase of 56%. Following this, the value surged to Rs 11,500 per sq.ft in 2012, reflecting a substantial increase of 539%. However, it dropped to Rs 7,705 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 11,500 per sq.ft in 2023, before reaching the current rate of Rs 12,660 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1115%. The register has no figures for the years not mentioned in this overview.

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 5th Road above this median.

Stamp duty and registration fee for property in L.B. Road 5th Road

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, while the registration fee at 2% would be Rs 2,53,200, making the total cost for these fees Rs 11,39,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers L.B. Road 5th Road?

The Sub Registrar Office that covers L.B. Road 5th 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 is a crucial factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded with the government.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of L.B. Road 5th Road?

The current guideline value of L.B. Road 5th Road is Rs 12,660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 1,042 per sq.ft to Rs 12,660 per sq.ft in 2024, representing an overall increase of 1115%.

What are the stamp duty and registration fees for property in L.B. Road 5th Road?

For a 1,000 sq.ft plot at the current guideline value, 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 5th Road?

The registration for L.B. Road 5th Road 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.

What is the median guideline value for streets in Thiruvanmiyur?

The median guideline value for streets in Thiruvanmiyur is Rs 9,900 per sq.ft, with L.B. Road 5th Road's value being above this median.