Guideline Value for L.I.C.COLONY 4TH CROSS STREET

L.I.C.Colony 4th Cross Street guideline value

The current guideline value of L.I.C.Colony 4th Cross Street is Rs 9,900 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 Residential Class I Type - I.

How the guideline value of L.I.C.Colony 4th Cross Street has changed

In the 2012 revision, the guideline value was Rs 9,000 per sq.ft. This figure was then reduced to Rs 6,030 per sq.ft in the 2017 revision, representing a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 9,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 9,900 per sq.ft, which is a 10% increase from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value is Rs 9,900 per sq.ft, which is equal to the 2024 figure for L.I.C.Colony 4th Cross Street.

• L.I.C.Colony 5th Cross Street: Rs 9,900 per sq.ft (2024)
• L.I.C.Colony Extension: Rs 9,900 per sq.ft (2024)
• L.I.C.Colony 3rd Cross Street: Rs 9,900 per sq.ft (2024)
• L.I.C.Colony 2nd Cross Street: Rs 9,900 per sq.ft (2024)
• L.I.C.Colony 1st Cross Street: Rs 9,900 per sq.ft (2024)
• L.I.C. Colony: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in L.I.C.Colony 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total cost for these fees to Rs 8,91,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers L.I.C.Colony 4th Cross Street?

The Sub Registrar Office that covers L.I.C.Colony 4th 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. 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 an essential factor in property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is officially recorded at a value that reflects the current market conditions as determined by the registration department.

Frequently asked questions

What is the current guideline value of L.I.C.Colony 4th Cross Street?

The current guideline value of L.I.C.Colony 4th Cross Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,000 per sq.ft in 2012 to Rs 6,030 per sq.ft in 2017, then increased to Rs 9,000 per sq.ft in 2023, and finally set at Rs 9,900 per sq.ft in 2024.

What is the land classification for L.I.C.Colony 4th Cross Street?

The land classification for L.I.C.Colony 4th Cross Street is Residential Class I Type - I.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 8,91,000.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers L.I.C.Colony 4th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.