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Guideline Value

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Guideline Value for LAKSHMI NARASIMMAN NAGAR (CHEN)

₹770/sq.ft.

The guideline value for Lakshmi Narasimman Nagar (chen) in Sengundram - 1 village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sengundram - 1

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /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)

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 Narasimman Nagar (chen)

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Lakshmi Narasimman Nagar (Chen) guideline value

The current guideline value of Lakshmi Narasimman Nagar (Chen) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Lakshmi Narasimman Nagar (Chen) has changed

The guideline value for Lakshmi Narasimman Nagar (Chen) has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then dropped to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the most recent 2024 revision has raised it further to Rs 770 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the current 2024 value, there has been a 10% rise. The register does not contain figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Lakshmi Narasimman Nagar (Chen) is below this median.

Stamp duty and registration fee for property in Lakshmi Narasimman Nagar (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total fees together Rs 69,300. 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 more details.

Which Sub Registrar Office covers Lakshmi Narasimman Nagar (Chen)?

The Sub Registrar Office that covers Lakshmi Narasimman Nagar (Chen) 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 information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor during the registration of property transactions in Sengundram - 1. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the area.

Frequently asked questions

What is the current guideline value of Lakshmi Narasimman Nagar (Chen)?

The current guideline value of Lakshmi Narasimman Nagar (Chen) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What are the guideline values in Sengundram - 1?

The guideline values in Sengundram - 1 range from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. Lakshmi Narasimman Nagar (Chen) has a guideline value below this median.

How is stamp duty calculated for properties in Lakshmi Narasimman Nagar (Chen)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900.

Which office handles property registration in Lakshmi Narasimman Nagar (Chen)?

The Chengleput Joint II Sub Registrar Office handles property registration for Lakshmi Narasimman Nagar (Chen), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.