Guideline Value

Corporate

Guideline Value for LAKSHMIPURAM 11TH CROSS ST

₹840/sq.ft.

The guideline value for Lakshmipuram 11th Cross St in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 840 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 5% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹840 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /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 Lakshmipuram 11th Cross St

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Lakshmipuram 11th Cross St guideline value

The current guideline value of Lakshmipuram 11th Cross St is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Lakshmipuram 11th Cross St has changed

In the 2017 revision, the guideline value was Rs 737 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a change of 9%. The most recent revision in 2024 saw the guideline value rise to Rs 840 per sq.ft, a change of 5% from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 14%. This consistent increase reflects changes in the valuation of properties in the area.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value is Rs 750 per sq.ft, placing Lakshmipuram 11th Cross St above this median.

Stamp duty and registration fee for property in Lakshmipuram 11th Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, leading to a total of Rs 75,600. 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 further calculations.

Which Sub Registrar Office covers Lakshmipuram 11th Cross St?

The Lakshmipuram 11th Cross St 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. 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 is a critical factor in the registration process for property transactions in Thiruninravur-A. It serves as the basis for calculating the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the registration process reflects the current market conditions and property valuations.

Frequently asked questions

What is the current guideline value of Lakshmipuram 11th Cross St?

The current guideline value of Lakshmipuram 11th Cross St is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 737 per sq.ft to Rs 840 per sq.ft in 2024, reflecting a total increase of 14% over this period.

What is the median guideline value in Thiruninravur-A?

The median guideline value in Thiruninravur-A is Rs 750 per sq.ft, with Lakshmipuram 11th Cross St's value being above this median at Rs 840 per sq.ft.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 8,40,000, the total fees would amount to Rs 75,600.

Which office handles property registrations in Lakshmipuram 11th Cross St?

The Avadi Sub Registrar Office handles property registrations for Lakshmipuram 11th Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.