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Guideline Value

Corporate

Guideline Value for Lakshman Nagar 1st Cross Street

₹2700/sq.ft.

The guideline value for Lakshman Nagar 1st Cross Street in Peravallur village (Sembiam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
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)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Lakshman Nagar 1st Cross Street

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Lakshman Nagar 1st Cross Street guideline value

The current guideline value of Lakshman Nagar 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Lakshman Nagar 1st Cross Street has changed

The guideline value for Lakshman Nagar 1st Cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, at Rs 800 per sq.ft. This increased to Rs 2,500 per sq.ft in 2012, marking an increase of 213%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value rose significantly to Rs 2,500 per sq.ft in 2023, and further increased to Rs 2,700 per sq.ft in 2024, reflecting an 8% rise.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 238%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. The guideline value of Lakshman Nagar 1st Cross Street is below this median.

Stamp duty and registration fee for property in Lakshman Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshman Nagar 1st Cross Street?

The Sub Registrar Office that covers Lakshman Nagar 1st Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Peravallur. It serves as a benchmark for determining the minimum sale price of properties in the area, ensuring transparency in the registration process. Buyers and sellers must be aware of the guideline value to avoid discrepancies during registration.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of their financial obligations when completing a property transaction, making it essential for all stakeholders in the real estate market.

Frequently asked questions

What is the current guideline value of Lakshman Nagar 1st Cross Street?

The current guideline value of Lakshman Nagar 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 238% over these years.

What are the other streets in Peravallur with similar guideline values?

Other streets in Peravallur with a guideline value of Rs 2,700 per sq.ft include Lakshman Nagar 2nd Cross Street, Lakshman Nagar East Central Road, Lakshman Nagar East Main Road, Lakshman Nagar Main Road, and Lakshman Nagar West.

What is the registration fee for properties in Lakshman Nagar 1st Cross Street?

The registration fee for properties is calculated at 2% of the guideline value. For a property valued at Rs 27,00,000, the registration fee would be Rs 54,000.

Where can I find the Sub Registrar Office for Lakshman Nagar 1st Cross Street?

The Sub Registrar Office for Lakshman Nagar 1st Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.