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Guideline Value

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Guideline Value for LAKSHMI NAGAR - Sasthri Street

₹2200/sq.ft.

The guideline value for Lakshmi Nagar - Sasthri Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹106 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹96 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 - Sasthri Street

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LAKSHMI NAGAR - Sasthri Street guideline value

The current guideline value of LAKSHMI NAGAR - Sasthri Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of LAKSHMI NAGAR - Sasthri Street has changed

The guideline value for LAKSHMI NAGAR - Sasthri Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 96 per sq.ft. This increased to Rs 106 per sq.ft in 2003, followed by a significant jump to Rs 300 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 2,000 per sq.ft, but it then decreased to Rs 1,340 per sq.ft in 2017. The value further increased to Rs 2,000 per sq.ft in 2023 and is now Rs 2,200 per sq.ft as of 2024.

In terms of changes, from 2002 to 2024, there has been an overall increase of 2,192%. The most notable change occurred between 2007 and 2012, where the value surged by 567%. However, the value decreased by 33% from 2012 to 2017. The change from 2023 to 2024 is an increase of 10%, and the value rose by 49% from 2017 to 2023.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, which means LAKSHMI NAGAR - Sasthri Street's 2024 figure is below that median.

Stamp duty and registration fee for property in LAKSHMI NAGAR - Sasthri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers LAKSHMI NAGAR - Sasthri Street?

The Sub Registrar Office that covers LAKSHMI NAGAR - Sasthri Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Maduravoyal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of LAKSHMI NAGAR - Sasthri Street?

The current guideline value of LAKSHMI NAGAR - Sasthri Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 96 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 2,192%.

What are the other streets in Maduravoyal with the same guideline value?

Other streets in Maduravoyal with the same 2024 guideline value of Rs 2,200 per sq.ft include LAKSHMI NAGAR - Samayapurathamman Koil street, LAKSHMI NAGAR - Selva Viniyagar Koil Street, and others.

What is the registration fee for properties in LAKSHMI NAGAR - Sasthri Street?

The registration fee for properties is typically 2% of the guideline value, which in the case of LAKSHMI NAGAR - Sasthri Street would be Rs 44,000 for a 1,000 sq.ft plot.

Where can I find the Sub Registrar Office for LAKSHMI NAGAR - Sasthri Street?

The Sub Registrar Office for LAKSHMI NAGAR - Sasthri Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.