Guideline Value

Corporate

Guideline Value for LAKSHMI NAGAR ALL PHASE

₹330/sq.ft.

The guideline value for Lakshmi Nagar All Phase in Vichoor village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vichoor

Village

Thiruvottiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Nagar All Phase

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Lakshmi Nagar All Phase guideline value

The current guideline value of Lakshmi Nagar All Phase is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Vichoor village and falls under the Thiruvottiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Lakshmi Nagar All Phase has changed

The guideline value for Lakshmi Nagar All Phase has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly to Rs 300 per sq.ft, which is a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, comparing the values from 2012 to 2024, there has been a net increase of 10%.

Guideline values in Vichoor

In Vichoor, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with a median value of Rs 485 per sq.ft. The guideline value of Lakshmi Nagar All Phase is below this median.

Stamp duty and registration fee for property in Lakshmi Nagar All Phase

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Lakshmi Nagar All Phase?

The Sub Registrar Office that covers Lakshmi Nagar All Phase is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vichoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are calculated based on the higher of the guideline value or the actual sale price. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar All Phase?

The current guideline value of Lakshmi Nagar All Phase is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What are the other streets in Vichoor with their guideline values?

Other streets in Vichoor include Lakshmi Nagar/Ext, Kolaviziamman Nagar, Manjula Nagar, Meenakshi Nagar, Muthaalamman Nagar, and Kamaraj Nagar, with values ranging from Rs 330 to Rs 440 per sq.ft in 2024.

How is stamp duty calculated for properties in Lakshmi Nagar All Phase?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 23,100 based on the current guideline value.

Where can I find the Sub Registrar Office for Lakshmi Nagar All Phase?

The Sub Registrar Office for Lakshmi Nagar All Phase is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.