Guideline Value

Corporate

Guideline Value for LAKSHMI NAGAR

₹400/sq.ft.

The guideline value for Lakshmi Nagar in Venkatapuram village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Venkatapuram

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹60 /sq.ft.
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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[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 Venkatapuram village under the Chengleput Joint II SRO, is Rs 400 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Lakshmi Nagar has changed

Over the years, the guideline value for Lakshmi Nagar has seen several revisions. The 2007 revision set the value at Rs 60 per sq.ft, which increased significantly to Rs 400 per sq.ft in the 2012 revision. However, the 2017 revision brought the value down to Rs 268 per sq.ft. The 2023 revision maintained the value at Rs 400 per sq.ft, which remains unchanged in the 2024 revision.

From the 2017 to 2023 revision, there was a notable increase of 49%. In contrast, the value dropped by 33% from 2012 to 2017. The substantial rise from Rs 60 per sq.ft in 2007 to Rs 400 per sq.ft in 2012 reflects an increase of 567%. Overall, from 2007 to 2024, the guideline value has increased by 567%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Venkatapuram

In Venkatapuram, there are 29 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value is Rs 400 per sq.ft, which is equal to the current figure for Lakshmi Nagar.

Stamp duty and registration fee for property in Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. 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 information.

Which Sub Registrar Office covers Lakshmi Nagar?

The Sub Registrar Office that covers Lakshmi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Venkatapuram. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This value is used to calculate the stamp duty and registration fees payable during the transaction.

When engaging in a property transaction, buyers and sellers should be aware that the guideline value may influence negotiations and final sale prices. It is essential to refer to the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and has remained at Rs 400 per sq.ft in the 2023 and 2024 revisions.

What is the land classification for Lakshmi Nagar?

The land classification for Lakshmi Nagar is Residential Class I Type - I.

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

Other streets in Venkatapuram with a guideline value of Rs 400 per sq.ft include K.K.Nagar Extn-III, K.K.Nagar Extn-II, K.K.Nagar Extn-I, K.K.Nagar, Kaveri Nagar, and Ganapathy Syndicate.

Where is the Sub Registrar Office for Lakshmi Nagar located?

The Sub Registrar Office covering Lakshmi Nagar is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.