Guideline Value

Corporate

Guideline Value for LAKSHMIPURAM 2ND MAIN ST

₹840/sq.ft.

The guideline value for Lakshmipuram 2nd Main 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 2nd Main St

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Lakshmipuram 2nd Main St guideline value

The current guideline value of Lakshmipuram 2nd Main St is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Lakshmipuram 2nd Main St has changed

Over the years, the guideline value for Lakshmipuram 2nd Main St has seen several revisions. The 2017 revision was Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision. The latest revision in 2024 shows a further increase to Rs 840 per sq.ft, marking a 5% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 14%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 figure of Rs 840 per sq.ft is the highest recorded for this street in the available revisions.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with 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, making the 2024 figure for Lakshmipuram 2nd Main St above this median.

Stamp duty and registration fee for property in Lakshmipuram 2nd Main 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 at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total cost for these fees to Rs 75,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Lakshmipuram 2nd Main St?

The Sub Registrar Office covering Lakshmipuram 2nd Main St is 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-A

The guideline value plays a crucial role in property transactions in Thiruninravur-A. It is the minimum value set by the government for properties in a specific area, which must be considered during registration. Buyers and sellers must ensure that the sale price is not lower than the guideline value to avoid legal complications.

When registering a property, the guideline value helps determine the applicable stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Lakshmipuram 2nd Main St is Rs 840 per sq.ft, effective from 1 July 2024.

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 represents a total increase of 14% from 2017 to 2024.

What is the land classification for Lakshmipuram 2nd Main St?

The land classification for Lakshmipuram 2nd Main St is Residential Class II Type - II.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 75,600.

Which Sub Registrar Office covers this street?

The Avadi Sub Registrar Office covers Lakshmipuram 2nd Main St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.