Guideline Value

Corporate

Guideline Value for LALITHA GARDEN

₹7150/sq.ft.

The guideline value for Lalitha Garden in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 7150 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹7150 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹694 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹541 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Lalitha Garden

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Lalitha Garden guideline value

The current guideline value of Lalitha Garden, located in Thiruvanmiyur village, is Rs 7,150 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Lalitha Garden has changed

The guideline value of Lalitha Garden has seen several revisions over the years. In 2002, the value was Rs 541 per sq.ft, which increased to Rs 694 per sq.ft in 2003, marking a 28% rise. The value then experienced a significant increase to Rs 1,300 per sq.ft in 2007, representing an 87% change. Following this, the value surged to Rs 6,500 per sq.ft in 2012, a remarkable 400% increase. However, it dropped to Rs 4,355 per sq.ft in 2017, reflecting a 33% decrease. The value rose again to Rs 6,500 per sq.ft in 2023, and most recently, it increased to Rs 7,150 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1222%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, placing Lalitha Garden's 2024 figure below this median.

Stamp duty and registration fee for property in Lalitha Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total to Rs 6,43,500. 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 details.

Which Sub Registrar Office covers Lalitha Garden?

The Lalitha Garden area is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Lalitha Garden?

The current guideline value of Lalitha Garden is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 541 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of 1222% across the revisions.

What is the registration office for Lalitha Garden?

The registration office for Lalitha Garden is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What are the stamp duty and registration fees for properties in Lalitha Garden?

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500 and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Where can I find more information about guideline values in Thiruvanmiyur?

More information about guideline values in Thiruvanmiyur can be found in the registration department's guideline value register, which lists values for various streets in the area.