Guideline Value

Corporate

Guideline Value for LAKSHMI GREEN CITY

₹1540/sq.ft.

The guideline value for Lakshmi Green City in Cheranancheri village (Avadi SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Cheranancheri

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /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 Green City

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Lakshmi Green City guideline value

The current guideline value of Lakshmi Green City is Rs 1,540 per sq.ft, effective from 1 July 2024. This property is located in Cheranancheri village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of Lakshmi Green City has changed

The guideline value for Lakshmi Green City has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,400 per sq.ft, which increased to Rs 1,540 per sq.ft in the 2024 revision, marking a change of +10%.

With the 2024 revision, the guideline value of Lakshmi Green City aligns with the median value of Rs 1,540 per sq.ft for the 31 streets in Cheranancheri under the Avadi SRO. The previous value in 2023 was Rs 1,400 per sq.ft, reflecting a significant increase in the latest revision.

Guideline values in Cheranancheri

In Cheranancheri, the guideline values vary across different streets, with figures ranging from Rs 274 to Rs 3,000 per sq.ft. The median value is Rs 1,540 per sq.ft, which is the same as the guideline value for Lakshmi Green City.

Stamp duty and registration fee for property in Lakshmi Green City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total cost to Rs 1,38,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Lakshmi Green City?

The Sub Registrar Office covering Lakshmi Green City is 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 details.

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

The guideline value plays a crucial role when buying or selling property in Cheranancheri. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the market conditions. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Lakshmi Green City?

The current guideline value of Lakshmi Green City is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, reflecting a +10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Cheranancheri?

The median guideline value in Cheranancheri is Rs 1,540 per sq.ft, which is the same as the current guideline value for Lakshmi Green City.

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.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 1,540 per sq.ft incurs a total guideline value of Rs 15,40,000.