Guideline Value

Corporate

Guideline Value for L.V.S. NAGAR

₹100/sq.ft.

The guideline value for L.v.s. Nagar in Siruvanoor village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Siruvanoor

Village

Tiruvallur Joint 1

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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.v.s. Nagar

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L.V.S. Nagar guideline value

The current guideline value of L.V.S. Nagar, located in Siruvanoor village, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class III Type - III.

How the guideline value of L.V.S. Nagar has changed

The guideline value for L.V.S. Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 100 per sq.ft. The 2024 revision has maintained the same value of Rs 100 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for L.V.S. Nagar. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 100 per sq.ft.

Guideline values in Siruvanoor

In Siruvanoor, there are 18 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 900 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing L.V.S. Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in L.V.S. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total fees Rs 9,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers L.V.S. Nagar?

The L.V.S. Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Siruvanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in maintaining transparency and accountability in property transactions, as these fees are based on the established guideline value rather than arbitrary sale prices.

Frequently asked questions

What is the current guideline value of L.V.S. Nagar?

The current guideline value of L.V.S. Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value of L.V.S. Nagar changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 100 per sq.ft, the same as in 2023. It was Rs 67 per sq.ft in 2017 and Rs 100 per sq.ft in 2012.

What are the stamp duty and registration fees for property in L.V.S. Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,00,000. The stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which Sub Registrar Office covers L.V.S. Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers L.V.S. Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties, ensuring that appropriate stamp duty and registration fees are collected. It helps maintain transparency in property transactions by providing a standard reference point.