Guideline Value for LAKSHMIPURAM 4TH MAIN ST

Lakshmipuram 4th Main St guideline value

The current guideline value of Lakshmipuram 4th 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, 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 earliest recorded figure is from 2017, when it was Rs 737 per sq.ft. This increased to Rs 800 per sq.ft in 2023, marking a 9% rise. The latest revision in 2024 has set the guideline value at Rs 870 per sq.ft, reflecting another 9% increase from the previous year. Overall, from 2017 to 2024, this represents an 18% increase.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

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 in this area is Rs 770 per sq.ft, placing Lakshmipuram 4th Main St above this median.

• Lakshmipuram 4th Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 5th Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 5th Main St: Rs 870 per sq.ft (2024)
• Lakshmipuram 3rd Main St: Rs 870 per sq.ft (2024)
• Lakshmipuram 5th Main St 1st Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 3rd Cross St: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmipuram 4th Main St

For a 1,000 sq.ft plot at the current rate, 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, totaling Rs 78,300. It is important to note that 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 more details.

Which Sub Registrar Office covers Lakshmipuram 4th Main St?

The Lakshmipuram 4th Main St falls under the jurisdiction of 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 is a crucial factor in property transactions in Thiruninravur-B, as it determines the minimum value at which properties can be registered. When a property is sold, the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

Understanding the guideline value helps both buyers and sellers in making informed decisions during property transactions. It ensures that the registration process is transparent and adheres to the prescribed legal framework.

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 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 870 per sq.ft in 2024, reflecting an overall increase of 18% over this period.

What is the median guideline value in Thiruninravur-B?

The median guideline value in Thiruninravur-B is Rs 770 per sq.ft, with Lakshmipuram 4th Main St's value being above this median.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 78,300.

Which office handles registrations for Lakshmipuram 4th Main St?

The Avadi Sub Registrar Office handles registrations for Lakshmipuram 4th Main St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.