Guideline Value

Corporate

Guideline Value for LAKSHMIPURAM 7TH MAIN ST

₹840/sq.ft.

The guideline value for Lakshmipuram 7th 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 7th Main St

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Lakshmipuram 7th Main St guideline value

The current guideline value of Lakshmipuram 7th Main St is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in the Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - II.

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

The guideline value for Lakshmipuram 7th Main St has seen several revisions over the years. In the 2017 revision, the value was Rs 737 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a 9% rise. The most recent revision in 2024 set the value at 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%. 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, with a median value of Rs 750 per sq.ft. The guideline value of Lakshmipuram 7th Main St is above this median.

Stamp duty and registration fee for property in Lakshmipuram 7th 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, bringing the total cost for these fees to Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Lakshmipuram 7th Main St?

The Lakshmipuram 7th Main St falls under 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 plays a crucial role in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on an official valuation of the property.

When a property is sold, the guideline value is used to determine the minimum sale price at which the property can be registered. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

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

The current guideline value of Lakshmipuram 7th Main St is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 737 per sq.ft to Rs 800 per sq.ft in 2023, and then to Rs 840 per sq.ft in 2024. Overall, this represents a 14% increase from the 2017 value to the current value.

What are the guideline values of other streets in Thiruninravur-A?

Other streets in Thiruninravur-A have a guideline value of Rs 840 per sq.ft for Lakshmipuram 7th Cross St, Lakshmipuram 8th Cross St, Lakshmipuram 8th Main St, Lakshmipuram 6th Main St, Lakshmipuram 9th Cross St, and Lakshmipuram 6th Cross St, all effective for 2024.

What is the stamp duty and registration fee for properties in Lakshmipuram 7th Main St?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 75,600.

Where can I find the Sub Registrar Office for Lakshmipuram 7th Main St?

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