Guideline Value

Corporate

Guideline Value for LAKSHMI NAGAR

₹3400/sq.ft.

The guideline value for Lakshmi Nagar in Soorapattu village (Ambattur SRO, Chennai zone) is Rs 3400 per sq.ft, effective 1 July 2024. It was Rs 3135 per sq.ft from 1 April 2023, a 8% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Soorapattu

Village

Ambattur

SRO

Mixed Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3400 /sq.ft.
From 1-4-2023 ₹3135 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2100 /sq.ft.
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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[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

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Lakshmi Nagar guideline value

The current guideline value of Lakshmi Nagar, located in Soorapattu village under the Ambattur SRO, is Rs 3,400 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - II.

How the guideline value of Lakshmi Nagar has changed

In the 2017 revision, the guideline value was Rs 2,100 per sq.ft. This increased significantly to Rs 3,135 per sq.ft in the 2023 revision, marking a 49% rise. The current guideline value of Rs 3,400 per sq.ft in the 2024 revision reflects an 8% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Soorapattu

Soorapattu village has 115 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 5,100 per sq.ft as per the 2024 revision. The median guideline value for the village is Rs 1,300 per sq.ft, making Lakshmi Nagar's 2024 figure of Rs 3,400 per sq.ft significantly above this median.

Stamp duty and registration fee for property in Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total fees together to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar?

The Sub Registrar Office that covers Lakshmi Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Soorapattu, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted at a legally recognized value.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar?

The current guideline value of Lakshmi Nagar is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,100 per sq.ft in 2017 to Rs 3,135 per sq.ft in 2023, and then to Rs 3,400 per sq.ft in 2024. Overall, this represents a 62% increase from the 2017 revision to the 2024 revision.

What is the land classification for Lakshmi Nagar?

The land classification for Lakshmi Nagar is Mixed Special Type - II, which is important for understanding the zoning and permissible uses of the land.

What are the stamp duty and registration fees for properties in Lakshmi Nagar?

The stamp duty for properties in Lakshmi Nagar is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, these fees can total Rs 3,06,000.

Which office handles property registrations in Lakshmi Nagar?

The Ambattur Sub Registrar Office handles property registrations for Lakshmi Nagar. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.