Guideline Value

Corporate

Guideline Value for LASAR NAGAR MAIN ROAD

₹1980/sq.ft.

The guideline value for Lasar Nagar Main Road in Paleripattu village (Avadi SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹184 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹163 /sq.ft.
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 Lasar Nagar Main Road

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Lasar Nagar Main Road guideline value

The current guideline value of Lasar Nagar Main Road in Paleripattu village, under the Avadi SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - I.

How the guideline value of Lasar Nagar Main Road has changed

The guideline value for Lasar Nagar Main Road has seen significant changes over the years. In 2002, the value was Rs 163 per sq.ft, which increased to Rs 184 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 300 per sq.ft in 2007, a substantial increase of 63%. By 2012, the value reached Rs 1,200 per sq.ft, reflecting a 300% growth from the previous revision. However, it decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The value then rose sharply to Rs 1,800 per sq.ft in 2023, showing a 124% increase, and has now reached Rs 1,980 per sq.ft in 2024, a 10% increase from the previous year.

There are no figures available for revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 1115%.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO, with 2024 guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Lasar Nagar Main Road's current value above the median.

Stamp duty and registration fee for property in Lasar Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. 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 information.

Which Sub Registrar Office covers Lasar Nagar Main Road?

The Sub Registrar Office that covers Lasar Nagar Main Road 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 further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Paleripattu. It helps determine the stamp duty and registration fees that must be paid when buying or selling property in this 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 government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Lasar Nagar Main Road?

The current guideline value of Lasar Nagar Main Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 163 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 1115% over this period.

What are the stamp duty rates for properties in Lasar Nagar Main Road?

The stamp duty rate for properties in Lasar Nagar Main Road is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Lasar Nagar Main Road?

The Avadi Sub Registrar Office handles property registrations for Lasar Nagar Main Road, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is revised periodically based on various factors. It serves as a reference for calculating stamp duty and registration fees during property transactions.