Guideline Value

Corporate

Guideline Value for LAKSHMI APARTMENTS (Bazaar Road)

₹9900/sq.ft.

The guideline value for Lakshmi Apartments (bazaar Road) in Padi village (Villivakkam SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Lakshmi Apartments (bazaar Road)

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LAKSHMI APARTMENTS (Bazaar Road) guideline value

The current guideline value of LAKSHMI APARTMENTS (Bazaar Road) is Rs 9,900 per sq.ft, effective from 1 July 2024. This property is located in Padi village under the Villivakkam SRO, classified as Residential Special Type - II.

How the guideline value of LAKSHMI APARTMENTS (Bazaar Road) has changed

The guideline value for LAKSHMI APARTMENTS (Bazaar Road) has seen several revisions over the years. Starting from the 2012 revision, the guideline value was Rs 9,000 per sq.ft. It then decreased to Rs 6,030 per sq.ft in 2017. Following this, the value increased significantly to Rs 9,000 per sq.ft in 2023, and further rose to Rs 9,900 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The overall change from the 2012 revision to the current 2024 revision shows a modest increase of 10%. It is important to note that there are no figures recorded for the years 2002, 2003, and 2007 for this street.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The guideline value of LAKSHMI APARTMENTS (Bazaar Road) is above the median value of Rs 3,800 per sq.ft for the area.

Stamp duty and registration fee for property in LAKSHMI APARTMENTS (Bazaar Road)

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 amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, making the total charges Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers LAKSHMI APARTMENTS (Bazaar Road)?

LAKSHMI APARTMENTS (Bazaar Road) falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property in Padi. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with the regulations set forth by the Registration Department.

When a property is sold, the guideline value helps in calculating the total cost involved in the transaction. This includes the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of LAKSHMI APARTMENTS (Bazaar Road)?

The current guideline value of LAKSHMI APARTMENTS (Bazaar Road) 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 to Rs 9,000 per sq.ft in 2023, and finally to Rs 9,900 per sq.ft in 2024.

What is the land classification of LAKSHMI APARTMENTS (Bazaar Road)?

The land classification of LAKSHMI APARTMENTS (Bazaar Road) is Residential Special Type - II.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Padi?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 99,00,000 would incur a stamp duty of Rs 6,93,000 at 7%.