Guideline Value

Corporate

Guideline Value for LAKSHMIPURAM 3RD MAIN ST

₹870/sq.ft.

The guideline value for Lakshmipuram 3rd Main 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 3rd Main St

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Lakshmipuram 3rd Main St guideline value

The current guideline value of Lakshmipuram 3rd Main 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 3rd Main St has changed

The guideline value for Lakshmipuram 3rd Main 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 2024 revision has further increased the value to Rs 870 per sq.ft, reflecting another 9% increase.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 18%. There are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

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 guideline value for these streets is Rs 770 per sq.ft, placing Lakshmipuram 3rd Main St above this median.

Stamp duty and registration fee for property in Lakshmipuram 3rd Main 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 information.

Which Sub Registrar Office covers Lakshmipuram 3rd Main St?

The Sub Registrar Office that covers Lakshmipuram 3rd Main 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 additional assistance.

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.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Lakshmipuram 3rd Main St?

The current guideline value of Lakshmipuram 3rd Main St is Rs 870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

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

For a property valued at 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, totaling Rs 78,300 for these fees.

Which office handles registrations for Lakshmipuram 3rd Main St?

The Avadi Sub Registrar Office handles registrations for Lakshmipuram 3rd Main St, 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 essential for calculating stamp duty and registration fees during property transactions. It is used to determine the applicable fees based on the higher value between the guideline value and the sale price.