Guideline Value

Corporate

Guideline Value for LAKSHMIPURAM 7TH CROSS ST

₹840/sq.ft.

The guideline value for Lakshmipuram 7th Cross 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 7th Cross St

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Lakshmipuram 7th Cross St guideline value

The current guideline value of Lakshmipuram 7th Cross St is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Lakshmipuram 7th Cross St has changed

The guideline value for Lakshmipuram 7th Cross 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% increase. The most recent revision in 2024 raised the guideline value to Rs 840 per sq.ft, reflecting a 5% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 14%. 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, with guideline values ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value is Rs 750 per sq.ft, placing Lakshmipuram 7th Cross St above this median.

Stamp duty and registration fee for property in Lakshmipuram 7th Cross 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 amount to 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 and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmipuram 7th Cross St?

The Sub Registrar Office that covers Lakshmipuram 7th Cross 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 plays a crucial role in the registration process of property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Lakshmipuram 7th Cross St?

The current guideline value of Lakshmipuram 7th Cross 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 7th Cross St?

The land classification for Lakshmipuram 7th Cross St is Residential Class II Type - II.

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

The stamp duty for a property valued at Rs 8,40,000 would be Rs 58,800, and the registration fee would be Rs 16,800, totaling Rs 75,600. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Lakshmipuram 7th Cross St?

The Avadi Sub Registrar Office handles the registration for Lakshmipuram 7th Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.