Guideline Value for LAKSHMIPURAM 2ND CROSS ST

Lakshmipuram 2nd Cross St guideline value

The current guideline value of Lakshmipuram 2nd 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 2nd Cross St has changed

The guideline value for Lakshmipuram 2nd Cross St has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which 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 value to Rs 870 per sq.ft, also a 9% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen 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. The absence of data for these years means we can only reference the revisions from 2017 onward.

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 value for these streets is Rs 770 per sq.ft, placing the guideline value of Lakshmipuram 2nd Cross St above this median.

• Lakshmipuram 2nd Main St: Rs 870 per sq.ft (2024)
• Lakshmipuram 1st Main Road: Rs 870 per sq.ft (2024)
• Lakshmipuram 1st Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 3rd Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 13th Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 3rd Main St: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmipuram 2nd 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, charged at 7%, would be Rs 60,900, while the registration fee at 2% would be Rs 17,400. Together, these fees would total Rs 78,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Lakshmipuram 2nd Cross St?

The Lakshmipuram 2nd Cross St falls under the jurisdiction of 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-B

The guideline value is a critical factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the registration department. This is important for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Lakshmipuram 2nd Cross St?

The current guideline value of Lakshmipuram 2nd 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%.

What are the stamp duty and registration fees for properties 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.

Which office registers properties in Lakshmipuram 2nd Cross St?

The Avadi Sub Registrar Office is responsible for registering properties in Lakshmipuram 2nd Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for this area?

The land classification for Lakshmipuram 2nd Cross St is Residential Class II Type - II, indicating its suitability for residential development.