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Guideline Value

Corporate

Guideline Value for LAKSHMI VINAYAGAR 2nd STREET 2nd CROSS

₹1700/sq.ft.

The guideline value for Lakshmi Vinayagar 2nd Street 2nd 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 Street 2nd Cross

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LAKSHMI VINAYAGAR 2nd STREET 2nd CROSS guideline value

The current guideline value for LAKSHMI VINAYAGAR 2nd STREET 2nd 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 is classified as Residential Class II Type - III.

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

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following that, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,700 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

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

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, which matches the guideline value for LAKSHMI VINAYAGAR 2nd STREET 2nd CROSS.

Stamp duty and registration fee for property in LAKSHMI VINAYAGAR 2nd STREET 2nd 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 be 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 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 VINAYAGAR 2nd STREET 2nd CROSS?

The LAKSHMI VINAYAGAR 2nd STREET 2nd CROSS falls under 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 further assistance.

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

The guideline value is an essential factor when registering a property in Karapakkam. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during the property transaction process.

When you buy or sell property, the registration office uses the guideline value to determine the official value of the property for taxation purposes. This ensures that the appropriate fees are collected based on the established guideline values.

Frequently asked questions

What is the current guideline value for LAKSHMI VINAYAGAR 2nd STREET 2nd CROSS?

The current guideline value for LAKSHMI VINAYAGAR 2nd STREET 2nd 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 in 2012 to Rs 1,005 in 2017, then to Rs 1,500 in 2023, and finally to Rs 1,700 in 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for LAKSHMI VINAYAGAR 2nd STREET 2nd CROSS?

LAKSHMI VINAYAGAR 2nd STREET 2nd CROSS is classified as Residential Class II Type - III.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in LAKSHMI VINAYAGAR 2nd STREET 2nd CROSS?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.