Guideline Value

Corporate

Guideline Value for L.B. ROAD I CROSS STREET

₹12660/sq.ft.

The guideline value for L.b. Road I Cross 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 ₹1094 /sq.ft.
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 I Cross Street

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L.B. Road I Cross Street guideline value

The current guideline value of L.B. Road I Cross Street 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 I Cross Street has changed

The guideline value for L.B. Road I Cross Street has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 1,094 per sq.ft. This increased to Rs 1,800 per sq.ft in 2007, marking an increase of 65%. By 2012, the value rose significantly to Rs 11,500 per sq.ft, reflecting a substantial increase of 539%. However, in 2017, the value dropped to Rs 7,705 per sq.ft, a decrease of 33%. The next revision in 2023 saw the value rise again to Rs 11,500 per sq.ft, and finally, the current value as of 2024 is Rs 12,660 per sq.ft, which is a 10% increase from the previous year.

Overall, the guideline value has increased from Rs 1,094 per sq.ft in 2003 to Rs 12,660 per sq.ft in 2024, representing a total increase of 1,057% over this period. It is important to note that there is no recorded figure for L.B. Road I Cross Street in the 2002 revision.

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 I Cross Street above this median value.

Stamp duty and registration fee for property in L.B. Road I Cross 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, 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 also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers L.B. Road I Cross Street?

The Sub Registrar Office that covers L.B. Road I Cross Street 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. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thiruvanmiyur

The guideline value is a crucial factor 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 during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is assessed to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This ensures that all transactions are accurately recorded and taxed according to the established guidelines.

Frequently asked questions

What is the current guideline value of L.B. Road I Cross Street?

The current guideline value of L.B. Road I Cross 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 from Rs 1,094 per sq.ft in 2003 to Rs 12,660 per sq.ft in 2024, with several revisions in between, including a notable increase of 1,057% overall.

What is the land classification for L.B. Road I Cross Street?

The land classification for L.B. Road I Cross Street is Commercial Class I Type - I.

What are the stamp duty and registration fees for property in L.B. Road I Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,26,60,000, with stamp duty at 7% amounting to Rs 8,86,200 and a registration fee at 2% amounting to Rs 2,53,200, totaling Rs 11,39,400.

Which office handles registrations for L.B. Road I Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for L.B. Road I Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.