Guideline Value

Corporate

Guideline Value for LAKSHMIPURAM 5TH MAIN ST

₹840/sq.ft.

The guideline value for Lakshmipuram 5th 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 5th Main St

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Lakshmipuram 5th Main St guideline value

The current guideline value for Lakshmipuram 5th 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 5th Main St has changed

The guideline value for Lakshmipuram 5th Main St has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 737 per sq.ft. This figure increased to Rs 800 per sq.ft in 2023, marking a 9% rise. The most recent revision in 2024 set the value at Rs 840 per sq.ft, reflecting a further increase of 5% from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 14%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO, with guideline values ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing Lakshmipuram 5th Main St's 2024 figure above that median.

Stamp duty and registration fee for property in Lakshmipuram 5th Main St

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would amount to Rs 16,800, totaling Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Lakshmipuram 5th Main St?

The Sub Registrar Office that covers Lakshmipuram 5th 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 is an essential factor in property transactions in Thiruninravur-A, as it determines the minimum value at which a property must be registered. Buyers and sellers must consider this value when negotiating sale prices, as it impacts the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value serves as a benchmark for calculating the stamp duty, which is charged on the higher of the guideline value or the sale price. This ensures that all transactions are fairly assessed according to the established values in the region.

Frequently asked questions

What is the current guideline value of Lakshmipuram 5th Main St?

The current guideline value of Lakshmipuram 5th Main St is Rs 840 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2017, the guideline value has increased from Rs 737 per sq.ft to Rs 840 per sq.ft in 2024, marking an overall increase of 14%.

What is the land classification for Lakshmipuram 5th Main St?

Lakshmipuram 5th Main St is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Lakshmipuram 5th Main St?

The Sub Registrar Office for Lakshmipuram 5th 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.

How is stamp duty calculated for properties in Lakshmipuram 5th Main St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,40,000, the stamp duty at 7% would be Rs 58,800.