Guideline Value

Corporate

Guideline Value for LAKSHMIPURAM 1ST CROSS ST

₹870/sq.ft.

The guideline value for Lakshmipuram 1st 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 1st Cross St

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Lakshmipuram 1st Cross St guideline value

The current guideline value of Lakshmipuram 1st Cross St is Rs 870 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Lakshmipuram 1st Cross St has changed

The guideline value for Lakshmipuram 1st Cross St has seen several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 737 per sq.ft. This increased to Rs 800 per sq.ft in 2023, marking a 9% rise. The most recent revision in 2024 set the value at 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%.

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 with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Lakshmipuram 1st Cross St above this median.

Stamp duty and registration fee for property in Lakshmipuram 1st Cross St

For a 1,000 sq.ft plot at the current rate of Rs 870 per sq.ft, the 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. Together, the total cost for stamp duty and registration fee would be Rs 78,300. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Lakshmipuram 1st Cross St?

The Lakshmipuram 1st Cross St is covered 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. 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 need to be paid during the transaction. Buyers should be aware that the guideline value may differ from the sale price, and the higher amount will be used for calculating the applicable duties.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, which is essential for legal and taxation purposes. Understanding the guideline value is important for both buyers and sellers to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Lakshmipuram 1st Cross St?

The current guideline value of Lakshmipuram 1st Cross St is Rs 870 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 870 per sq.ft in 2024, marking an overall increase of 18%. The value rose by 9% from 2023 to 2024 and by another 9% from 2017 to 2023.

What is the classification of Lakshmipuram 1st Cross St?

Lakshmipuram 1st Cross St is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Lakshmipuram 1st Cross St?

The Avadi Sub Registrar Office covers Lakshmipuram 1st Cross St and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Lakshmipuram 1st Cross St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,70,000, the stamp duty would be Rs 60,900 at 7%, and the registration fee would be Rs 17,400 at 2%, totaling Rs 78,300.