Guideline Value

Corporate

Guideline Value for LAKSHMIPURAM 11TH CROSS ST

₹870/sq.ft.

The guideline value for Lakshmipuram 11th Cross St in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 870 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹870 /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 870 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village, under the jurisdiction of the Avadi SRO. The land classification for this area is Residential Class II Type - II.

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

The guideline value for Lakshmipuram 11th Cross St has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft. In 2023, this figure increased to Rs 800 per sq.ft, marking a 9% rise. The most recent revision in 2024 raised the guideline value further to Rs 870 per sq.ft, which is another 9% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 18%.

It should be noted that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Lakshmipuram 11th Cross St above that 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 870 per sq.ft, the total guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total cost for these fees to Rs 78,300. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Lakshmipuram 11th Cross St?

The Sub Registrar Office that covers Lakshmipuram 11th Cross St is the Avadi Sub Registrar Office. The address is 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-B

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. This ensures transparency and compliance with legal requirements during the transaction process.

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 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 737 per sq.ft to Rs 870 per sq.ft in 2024, reflecting an overall increase of 18% over this period.

What are the stamp duty and registration fees for property in Lakshmipuram 11th Cross St?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 60,900, and the registration fee would be Rs 17,400, totaling Rs 78,300.

Which Sub Registrar Office covers Lakshmipuram 11th Cross St?

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

What is the significance of guideline value when buying property?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees are based on a recognized value, providing clarity and compliance with legal standards.