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Guideline Value

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Guideline Value for LAKSHMI VINAYAGAR 2nd 1st CROSS

₹1700/sq.ft.

The guideline value for Lakshmi Vinayagar 2nd 1st Cross in Karapakkam village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karapakkam

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Vinayagar 2nd 1st Cross

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LAKSHMI VINAYAGAR 2nd 1st CROSS guideline value

The current guideline value of LAKSHMI VINAYAGAR 2nd 1st CROSS is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village, under the Neelankarai SRO, and falls under the Residential Class II Type - III land classification.

How the guideline value of LAKSHMI VINAYAGAR 2nd 1st CROSS has changed

Over the years, the guideline value for LAKSHMI VINAYAGAR 2nd 1st CROSS has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then changed to Rs 1,005 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, before reaching the current value of Rs 1,700 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and then by 13% from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value among these streets is Rs 1,700 per sq.ft, which is equal to the current guideline value of LAKSHMI VINAYAGAR 2nd 1st CROSS.

Stamp duty and registration fee for property in LAKSHMI VINAYAGAR 2nd 1st CROSS

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers LAKSHMI VINAYAGAR 2nd 1st CROSS?

The LAKSHMI VINAYAGAR 2nd 1st CROSS is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Karapakkam. It serves as the basis for calculating the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of LAKSHMI VINAYAGAR 2nd 1st CROSS?

The current guideline value of LAKSHMI VINAYAGAR 2nd 1st CROSS is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the stamp duty for property in LAKSHMI VINAYAGAR 2nd 1st CROSS?

The stamp duty for property in LAKSHMI VINAYAGAR 2nd 1st CROSS is calculated at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Neelankarai Sub Registrar Office covers LAKSHMI VINAYAGAR 2nd 1st CROSS, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the other streets with similar guideline values in Karapakkam?

Other streets in Karapakkam with a guideline value of Rs 1,700 per sq.ft include LAKSHMI VINAYAGAR 2nd STREET, LAKSHMI VINAYAGAR 2nd STREET 2nd CROSS, Lakshmi Vinayagar Koil Street, and Lakshmi Vinayagar Street.