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Guideline Value

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Guideline Value for LAKSHMI VINAYAGAR KOIL STREET

₹4620/sq.ft.

The guideline value for Lakshmi Vinayagar Koil Street in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 4620 per sq.ft, effective 1 July 2024. It was Rs 4200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4620 /sq.ft.
From 1-4-2023 ₹4200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2814 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹404 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹350 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Koil Street

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Lakshmi Vinayagar Koil Street guideline value

The current guideline value of Lakshmi Vinayagar Koil Street is Rs 4,620 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Lakshmi Vinayagar Koil Street has changed

The guideline value for Lakshmi Vinayagar Koil Street has seen several revisions over the years. In 2002, the value was Rs 350 per sq.ft, which increased to Rs 404 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,000 per sq.ft in 2007. The value then jumped to Rs 4,200 per sq.ft in 2012, before dropping to Rs 2,814 per sq.ft in 2017. The value increased to Rs 4,200 per sq.ft again in 2023, and currently stands at Rs 4,620 per sq.ft as of the 2024 revision.

Notable changes between the revisions include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a substantial 320% rise from 2007 to 2012. There were no figures available for the revisions prior to 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

Ekkaduthangal village features 190 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, which is the same as the current value for Lakshmi Vinayagar Koil Street.

Stamp duty and registration fee for property in Lakshmi Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value would be Rs 46,20,000. The stamp duty at 7% would amount to Rs 3,23,400, and the registration fee at 2% would be Rs 92,400. The total of these fees would be Rs 4,15,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Lakshmi Vinayagar Koil Street?

The Sub Registrar Office that covers Lakshmi Vinayagar Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Ekkaduthangal, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with local regulations.

At the time of registration, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Lakshmi Vinayagar Koil Street?

The current guideline value of Lakshmi Vinayagar Koil Street is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2002 to Rs 4,620 per sq.ft in 2024, with various revisions in between, including significant increases and decreases.

What is the median guideline value for streets in Ekkaduthangal?

The median guideline value for streets in Ekkaduthangal is Rs 4,620 per sq.ft, which is the same as the current value for Lakshmi Vinayagar Koil Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 46,20,000, the stamp duty would be Rs 3,23,400 and the registration fee would be Rs 92,400, totaling Rs 4,15,800.

Which office handles registrations for Lakshmi Vinayagar Koil Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Lakshmi Vinayagar Koil Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.