Guideline Value for LAKSHMIPATHY

Lakshmipathy guideline value

The current guideline value of Lakshmipathy is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - III.

How the guideline value of Lakshmipathy has changed

In the 2017 revision, the guideline value was recorded at Rs 469 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 shows a further increase to Rs 770 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

Thiruninravur-B comprises 374 streets under the Avadi SRO, with guideline values ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for the area is Rs 770 per sq.ft, which is equal to the current guideline value of Lakshmipathy.

• Lakshmiprakash & Streets: Rs 1,400 per sq.ft (2024)
• Lakshminarayan Nagar: Rs 820 per sq.ft (2024)
• Lakshmipuram 10th Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 10th Main St: Rs 870 per sq.ft (2024)
• Lakshmipuram 11th Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 12th Cross St: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmipathy

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the 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, bringing the total to Rs 69,300. 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 Lakshmipathy?

The Lakshmipathy area falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role in property transactions in Thiruninravur-B. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value ensures that the transaction is recorded at a fair and standardized price, which helps maintain transparency in the real estate market. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Lakshmipathy?

The current guideline value of Lakshmipathy is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft, marking a total increase of 64% over the years.

What is the registration office for Lakshmipathy?

The registration office for Lakshmipathy is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000.

What are the guideline values for other streets in Thiruninravur-B?

Other streets in Thiruninravur-B have varying guideline values, with rates ranging from Rs 330 to Rs 1,760 per sq.ft. Some examples include Lakshmiprakash & Streets at Rs 1,400 per sq.ft and Lakshminarayan Nagar at Rs 820 per sq.ft.