Guideline Value

Corporate

Guideline Value for L.B. ROAD 6TH ROAD

₹12660/sq.ft.

The guideline value for L.b. Road 6th 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 6th Road

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L.B. Road 6th Road guideline value

The current guideline value of L.B. Road 6th 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 6th Road has changed

The guideline value for L.B. Road 6th 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. Following this, there was a significant rise to Rs 1,800 per sq.ft in 2007, and the value continued to climb to Rs 11,500 per sq.ft in 2012. However, it decreased to Rs 7,705 per sq.ft in 2017. The most recent revisions show an increase to Rs 11,500 per sq.ft in 2023, and now it stands at Rs 12,660 per sq.ft as of the 2024 revision.

Notably, the changes between these revisions are significant. From 2017 to 2023, the value increased by 49%, while the jump from 2007 to 2012 was a remarkable 539%. The overall change from 2002 to 2024 reflects an increase of 1115% in the guideline value for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value of L.B. Road 6th Road is above this median.

Stamp duty and registration fee for property in L.B. Road 6th Road

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 duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers L.B. Road 6th Road?

L.B. Road 6th Road 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 details.

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 the baseline for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When registering a property, buyers and sellers must consider the guideline value to determine the applicable fees. This value helps maintain transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of L.B. Road 6th Road?

The current guideline value of L.B. Road 6th 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 1,042 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, reflecting an overall increase of 1115% over this period.

What are the other streets in Thiruvanmiyur with the same guideline value?

Other streets in Thiruvanmiyur that share the same guideline value of Rs 12,660 per sq.ft include L.B. Road 5th Road, L.B. Road 4th Road, L.B. Road I Cross Street, L.B. Road 3rd Street, L.B. Road 3rd Avenue, and L.B. Road 2nd Road.

Where can I find the Sub Registrar Office for L.B. Road 6th Road?

The Sub Registrar Office covering L.B. Road 6th Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Thiruvanmiyur?

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