Guideline Value

Corporate

Guideline Value for LAKSHMIPURAM 12TH CROSS ST

₹840/sq.ft.

The guideline value for Lakshmipuram 12th 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 12th Cross St

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Lakshmipuram 12th Cross St guideline value

The current guideline value of Lakshmipuram 12th Cross St is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in the Thiruninravur-A village, under the Avadi SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Lakshmipuram 12th Cross St has changed

Over the years, the guideline value of Lakshmipuram 12th Cross St has seen several revisions. The earliest recorded revision available is from 2017, where the guideline value was Rs 737 per sq.ft. This figure increased to Rs 800 per sq.ft in 2023, marking a rise of 9%. The most recent revision in 2024 set the guideline value at Rs 840 per sq.ft, which is a 5% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 14%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, indicating that Lakshmipuram 12th Cross St's 2024 figure of Rs 840 per sq.ft is above the median.

Stamp duty and registration fee for property in Lakshmipuram 12th 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 is charged at 7%, which would be Rs 58,800, and the registration fee at 2% amounts to Rs 16,800. Together, the total cost for stamp duty and registration fee would be Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmipuram 12th Cross St?

The Sub Registrar Office that covers Lakshmipuram 12th 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 details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is set by the government and is updated periodically to reflect changes in the real estate market.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions while providing a clear framework for buyers and sellers.

Frequently asked questions

What is the current guideline value of Lakshmipuram 12th Cross St?

The current guideline value of Lakshmipuram 12th Cross St is Rs 840 per sq.ft, effective from 1 July 2024. This value is important for property transactions in the area.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 840 per sq.ft in 2024. This reflects an overall increase of 14% from 2017 to 2024.

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

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Lakshmipuram 12th Cross St?

The registration for Lakshmipuram 12th Cross St is handled by the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum price at which a property can be registered. It is used to calculate the stamp duty and registration fees, ensuring that the government receives revenue from property transactions.