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Guideline Value

Corporate

Guideline Value for LAKSHI AMMAN NAGAR

₹250/sq.ft.

The guideline value for Lakshi Amman Nagar in Venmanamputhur village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venmanamputhur

Village

Tiruvallur Joint 1

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /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 Lakshi Amman Nagar

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Lakshi Amman Nagar guideline value

The current guideline value of Lakshi Amman Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Venmanamputhur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - I.

How the guideline value of Lakshi Amman Nagar has changed

Over the years, the guideline value of Lakshi Amman Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged in the 2023 revision. However, from 2017 to 2023, there was a significant increase of 50%, with the 2017 revision marking a value of Rs 167 per sq.ft. The 2024 revision also maintained the value at Rs 250 per sq.ft, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 regarding this street. Overall, comparing the revisions from 2012 to 2024, the guideline value has remained constant, showing a 0% change.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Lakshi Amman Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Lakshi Amman Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, totaling Rs 17,500, and the registration fee at 2% amounts to Rs 5,000. Together, these fees total Rs 22,500. It is important to note that the duty is charged on either the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Lakshi Amman Nagar?

The Sub Registrar Office covering Lakshi Amman Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Venmanamputhur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the government.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, as both buyers and sellers are aware of the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Lakshi Amman Nagar?

The current guideline value of Lakshi Amman Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft in the 2012, 2023, and 2024 revisions. There was a significant increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification of Lakshi Amman Nagar?

Lakshi Amman Nagar is classified as Residential Class II Type - I. This classification indicates the type of development permissible in this area.

What are the stamp duty and registration fees for properties in Lakshi Amman Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees amount to Rs 22,500.

Which office handles registrations for Lakshi Amman Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Lakshi Amman Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.