Guideline Value

Corporate

Guideline Value for LAKSHMI GARDEN

₹550/sq.ft.

The guideline value for Lakshmi Garden in Moorai-1 village (Avadi SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moorai-1

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[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 Lakshmi Garden

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Lakshmi Garden guideline value

The current guideline value of Lakshmi Garden, located in Moorai-1 village, falls under the Avadi SRO and is classified as Residential Class II Type - I. As of the 2024 revision, the guideline value is Rs 550 per sq.ft, effective from 1 July 2024.

How the guideline value of Lakshmi Garden has changed

Over the years, the guideline value for Lakshmi Garden has seen several revisions. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which increased by 10% to Rs 550 per sq.ft in the 2024 revision.

This increase reflects a consistent adjustment in the guideline values within the region. The current figure of Rs 550 per sq.ft aligns with the median guideline value for the 13 streets in Moorai-1 under the Avadi SRO.

Guideline values in Moorai-1

Moorai-1 village comprises various streets, each with its own guideline value. The guideline value for Lakshmi Garden is Rs 550 per sq.ft, which matches the median value for the area. Here are the guideline values for other streets in Moorai-1:

Stamp duty and registration fee for property in Lakshmi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is charged at 7%, which would be Rs 38,500, and the registration fee is at 2%, amounting to Rs 11,000. Therefore, the total fees together would be Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmi Garden?

The Lakshmi Garden area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Moorai-1

The guideline value is a crucial factor in the registration process when buying or selling property in Moorai-1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Lakshmi Garden?

The current guideline value of Lakshmi Garden is Rs 550 per sq.ft, effective from 1 July 2024, as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Lakshmi Garden was Rs 500 per sq.ft in 2023, which increased to Rs 550 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the stamp duty for property in Lakshmi Garden?

The stamp duty for property in Lakshmi Garden is charged at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 38,500.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. This office handles the registration of properties in Lakshmi Garden.

How is the guideline value determined for properties in Moorai-1?

The guideline value for properties in Moorai-1 is determined based on various factors, including land classification and comparisons with other streets in the area. The current guideline value reflects the median of the values set for the streets under the Avadi SRO.