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Guideline Value

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Guideline Value for LAKSHMIPURAM ADI DRAVIDAR COLONY

₹550/sq.ft.

The guideline value for Lakshmipuram Adi Dravidar Colony in Minjur village (Ponneri SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Minjur

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[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 Adi Dravidar Colony

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Lakshmipuram Adi Dravidar Colony guideline value

The current guideline value of Lakshmipuram Adi Dravidar Colony is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Minjur village, under the Ponneri Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Lakshmipuram Adi Dravidar Colony has changed

The guideline value for Lakshmipuram Adi Dravidar Colony has undergone several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 550 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was significant at 49%, reflecting a substantial change in the guideline value over this period.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is the same as the current value for Lakshmipuram Adi Dravidar Colony.

Stamp duty and registration fee for property in Lakshmipuram Adi Dravidar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty, charged at 7%, would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000. Together, the total cost for these fees would be Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmipuram Adi Dravidar Colony?

The Lakshmipuram Adi Dravidar Colony falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Minjur

The guideline value plays a crucial role in the registration process when buying or selling property in Minjur. It serves as a benchmark for calculating the stamp duty and registration fees that are required during the transaction.

When a property is sold, the guideline value is used to determine the applicable fees, ensuring that the transaction is recorded accurately in the official register. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Lakshmipuram Adi Dravidar Colony?

The current guideline value of Lakshmipuram Adi Dravidar Colony is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Lakshmipuram Adi Dravidar Colony?

The land classification for Lakshmipuram Adi Dravidar Colony is Residential Class II Type - I.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 49,500.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles registrations for properties in the Lakshmipuram Adi Dravidar Colony.