Guideline Value for LAKSHMIPURAM 7TH MAIN ST

Lakshmipuram 7th Main St guideline value

The current guideline value of Lakshmipuram 7th 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 and is 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. The most recent revision in 2024 set the value at Rs 870 per sq.ft, an increase of 9% from the 2023 revision, which was Rs 800 per sq.ft. Prior to that, in 2017, the value was Rs 737 per sq.ft, marking a 9% increase from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 18%.

It is important to note that there are no figures available 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 guideline values ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for this area is Rs 770 per sq.ft, positioning Lakshmipuram 7th Main St above this median at Rs 870 per sq.ft.

• Lakshmipuram 7th Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 8th Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 8th Main St: Rs 870 per sq.ft (2024)
• Lakshmipuram 6th Main St: Rs 870 per sq.ft (2024)
• Lakshmipuram 9th Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 6th Cross St: Rs 870 per sq.ft (2024)

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 870 per sq.ft, the total guideline value would be Rs 8,70,000. The stamp duty at 7% would amount to Rs 60,900, while the registration fee at 2% would be Rs 17,400, bringing the total cost for duty and registration to Rs 78,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmipuram 7th Main St?

The Sub Registrar Office that covers Lakshmipuram 7th 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-B

The guideline value is a crucial factor during the registration of property transactions in Thiruninravur-B. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation set by the authorities.

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 870 per sq.ft in 2024, an overall increase of 18%.

What is the registration office for Lakshmipuram 7th Main St?

The registration office for Lakshmipuram 7th 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.

What are the stamp duty rates for property in this area?

The stamp duty for property transactions in Lakshmipuram 7th Main St is charged at 7% of the higher of the guideline value or the sale price.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.