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Guideline Value

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Guideline Value for LAKSHMIPURAM EXTENSION 14tH STREET

₹3300/sq.ft.

The guideline value for Lakshmipuram Extension 14th Street in Tambaram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Tambaram

Village

Tambaram Joint 1

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /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)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Lakshmipuram Extension 14th Street

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LAKSHMIPURAM EXTENSION 14tH STREET guideline value

The current guideline value of LAKSHMIPURAM EXTENSION 14tH STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of LAKSHMIPURAM EXTENSION 14tH STREET has changed

The guideline value for LAKSHMIPURAM EXTENSION 14tH STREET has seen several revisions over the years. The 2017 revision set the value at Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the value has risen by 64%.

There are no registered figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of LAKSHMIPURAM EXTENSION 14tH STREET.

Stamp duty and registration fee for property in LAKSHMIPURAM EXTENSION 14tH STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 EXTENSION 14tH STREET?

The Sub Registrar Office that covers LAKSHMIPURAM EXTENSION 14tH STREET is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate fees based on the actual value of the transaction.

Frequently asked questions

What is the current guideline value of LAKSHMIPURAM EXTENSION 14tH STREET?

The current guideline value of LAKSHMIPURAM EXTENSION 14tH STREET is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the other streets in Tambaram with the same guideline value?

Other streets in Tambaram with the same guideline value of Rs 3,300 per sq.ft include Lakshmipuram Extension & All Street, Lakshmipuram 9th St, Lakshmipuram extn, Lakshmipuram 8th St, Lakshmipuram extn Main, and Lakshmipuram 7th St.

What is the stamp duty rate for properties in LAKSHMIPURAM EXTENSION 14tH STREET?

The stamp duty rate for properties in LAKSHMIPURAM EXTENSION 14tH STREET is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for LAKSHMIPURAM EXTENSION 14tH STREET?

The Sub Registrar Office for LAKSHMIPURAM EXTENSION 14tH STREET is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059.