Guideline Value

Corporate

Guideline Value for LAKSHMIPRAKASH & STREETS

₹1400/sq.ft.

The guideline value for Lakshmiprakash & Streets in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Lakshmiprakash & Streets

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Lakshmiprakash & Streets guideline value

The current guideline value of Lakshmiprakash & Streets is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO and is classified as Residential Special Type - IV.

How the guideline value of Lakshmiprakash & Streets has changed

The guideline value for Lakshmiprakash & Streets has undergone several revisions over the years. The 2017 revision set the value at Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in 2023. The latest revision in 2024 raised it further to Rs 1,400 per sq.ft, marking an increase of 8% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 61%.

There are no registered figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting significant growth during that period.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are a total of 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value of Lakshmiprakash & Streets is above this median.

Stamp duty and registration fee for property in Lakshmiprakash & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Lakshmiprakash & Streets?

The Sub Registrar Office that covers Lakshmiprakash & Streets is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, it is essential to consider the guideline value, as it affects the stamp duty and registration fees that need to be paid. Buyers should ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Lakshmiprakash & Streets?

The current guideline value of Lakshmiprakash & Streets is Rs 1,400 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 871 per sq.ft to Rs 1,400 per sq.ft in 2024, marking an overall increase of 61%.

What is the land classification for Lakshmiprakash & Streets?

Lakshmiprakash & Streets is classified as Residential Special Type - IV according to the guideline value register.

Where can I find the Sub Registrar Office for Lakshmiprakash & Streets?

The Sub Registrar Office for Lakshmiprakash & Streets 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 do I calculate the stamp duty for property in Lakshmiprakash & Streets?

To calculate the stamp duty, you need to consider the guideline value. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at 7%, and the registration fee would be Rs 28,000 at 2%, totaling Rs 1,26,000.