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Guideline Value

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Guideline Value for LAKSHMI VINAYAGAR 2nd STREET

₹1700/sq.ft.

The guideline value for Lakshmi Vinayagar 2nd Street 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

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LAKSHMI VINAYAGAR 2nd STREET guideline value

The current guideline value of LAKSHMI VINAYAGAR 2nd STREET 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 has changed

Over the years, the guideline value for LAKSHMI VINAYAGAR 2nd STREET has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. In 2023, the value rose to Rs 1,500 per sq.ft, and the most recent 2024 revision has increased it further to Rs 1,700 per sq.ft.

In terms of percentage changes, the guideline value increased by 13% from 2023 to 2024, and by 49% from 2017 to 2023. Notably, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO with 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 is the same as the current value for LAKSHMI VINAYAGAR 2nd STREET.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to 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 duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers LAKSHMI VINAYAGAR 2nd STREET?

The LAKSHMI VINAYAGAR 2nd STREET 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 more information.

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

The guideline value is a crucial factor during property registration in Karapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price, thus influencing the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of LAKSHMI VINAYAGAR 2nd STREET 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 back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

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

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

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

Several other streets in Karapakkam have the same guideline value of Rs 1,700 per sq.ft for 2024, including LAKSHMI VINAYAGAR 2nd 1st CROSS, LAKSHMI VINAYAGAR 2nd STREET 2nd CROSS, Lakshmi Vinayagar Koil Street, and Lakshmi Vinayagar Street.

Where can I find the Sub Registrar Office for LAKSHMI VINAYAGAR 2nd STREET?

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