Guideline Value

Corporate

Guideline Value for LAKSHMIPURAM 8TH MAIN ST

₹840/sq.ft.

The guideline value for Lakshmipuram 8th 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 8th Main St

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Lakshmipuram 8th Main St guideline value

The current guideline value of Lakshmipuram 8th 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, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Lakshmipuram 8th Main St has changed

The guideline value for Lakshmipuram 8th Main 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% rise. The latest revision in 2024 has further increased the 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 a 2024 guideline value 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 8th Main St above this median.

Stamp duty and registration fee for property in Lakshmipuram 8th 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 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Lakshmipuram 8th Main St?

The Lakshmipuram 8th Main St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your specific SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the official value set by the government.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Lakshmipuram 8th Main St?

The current guideline value of Lakshmipuram 8th Main 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 8th Main St?

Lakshmipuram 8th Main St is classified as Residential Class II Type - II. This classification affects the guideline value and potential uses of the property.

Where can I find the registration office for this area?

The registration office for Lakshmipuram 8th 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 this area?

Stamp duty for properties in Lakshmipuram 8th Main St is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 75,600.