Guideline Value

Corporate

Guideline Value for LAKSHMIPURAM 4TH MAIN ST

₹840/sq.ft.

The guideline value for Lakshmipuram 4th 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 4th Main St

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Lakshmipuram 4th Main St guideline value

The current guideline value of Lakshmipuram 4th 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 4th Main St has changed

The guideline value for Lakshmipuram 4th Main St has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 840 per sq.ft, an increase from Rs 800 per sq.ft in 2023, which reflects a change of +5%. Prior to that, the 2017 revision recorded a value of Rs 737 per sq.ft, marking a +9% increase from 2017 to 2023.

Overall, from the 2017 revision to the current 2024 figure, the guideline value has increased by +14%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry 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, placing Lakshmipuram 4th Main St above this median.

Stamp duty and registration fee for property in Lakshmipuram 4th 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, making the total cost for these fees Rs 75,600. 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 4th Main St?

The Sub Registrar Office that covers Lakshmipuram 4th 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 details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor during property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions within the region.

Frequently asked questions

What is the current guideline value of Lakshmipuram 4th Main St?

The current guideline value of Lakshmipuram 4th Main St is Rs 840 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 840 per sq.ft in 2024, which is an overall increase of +14%. The most recent revision in 2024 saw a +5% increase from the previous year.

What are the registration fees for properties in Lakshmipuram 4th Main St?

The registration fees for properties are calculated based on the guideline value. For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600.

Which Sub Registrar Office handles registrations for this area?

The Avadi Sub Registrar Office is responsible for handling registrations for properties in Lakshmipuram 4th 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 serves as a minimum threshold for property registration and is used to calculate stamp duty and registration fees. It ensures that properties are registered at a value that reflects the current market conditions.