Guideline Value

Corporate

Guideline Value for LAKSHMIPURAM 12TH CROSS ST

₹870/sq.ft.

The guideline value for Lakshmipuram 12th 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 12th Cross St

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Lakshmipuram 12th Cross St guideline value

The current guideline value of Lakshmipuram 12th Cross St is Rs 870 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village and falls 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 for Lakshmipuram 12th Cross St has seen several revisions. The 2017 revision set the value at Rs 737 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a 9% rise. The most recent revision in 2024 has further increased the guideline value 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 is important to note 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, and Lakshmipuram 12th Cross St's 2024 figure of Rs 870 per sq.ft is above this 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 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 details.

Which Sub Registrar Office covers Lakshmipuram 12th Cross St?

The Lakshmipuram 12th 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-B

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-B. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers should be aware that the guideline value is the baseline for these calculations, and the actual sale price will be considered only if it exceeds the guideline value.

When a property is sold, the buyer and seller must ensure that the transaction is registered at the respective Sub Registrar Office. This process involves verifying the guideline value and ensuring that all applicable fees are paid based on this value.

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

How much has the guideline value changed recently?

From the 2017 revision to the 2024 revision, the guideline value has increased by 18%. The most recent change was a 9% increase from Rs 800 per sq.ft in 2023 to Rs 870 per sq.ft in 2024.

What is the land classification of Lakshmipuram 12th Cross St?

The land classification for Lakshmipuram 12th Cross St is Residential Class II Type - II.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 8,70,000, the stamp duty would be Rs 60,900 and the registration fee would be Rs 17,400, totaling Rs 78,300. These fees are based on the guideline value.

Where is the Sub Registrar Office for this area?

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