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Guideline Value

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Guideline Value for Lakshmana Perumal Nagar 4th Cross Street

₹4400/sq.ft.

The guideline value for Lakshmana Perumal Nagar 4th Cross Street in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 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:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /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)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Lakshmana Perumal Nagar 4th Cross Street

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Lakshmana Perumal Nagar 4th Cross Street guideline value

The current guideline value of Lakshmana Perumal Nagar 4th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Lakshmana Perumal Nagar 4th Cross Street has changed

The guideline value for Lakshmana Perumal Nagar 4th Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 2,500 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a 60% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, representing a 33% drop. The value saw significant growth in the following years, reaching Rs 4,000 per sq.ft in 2023, a 49% increase from 2017, and finally rising to Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 76%.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, placing Lakshmana Perumal Nagar 4th Cross Street above this median.

Stamp duty and registration fee for property in Lakshmana Perumal Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Lakshmana Perumal Nagar 4th Cross Street?

The Sub Registrar Office that covers Lakshmana Perumal Nagar 4th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

When buying or selling property in Kottivakkam, the guideline value is a crucial factor in determining the stamp duty and registration fees. Buyers need to be aware that the guideline value serves as a benchmark for property transactions, ensuring that the fees are calculated based on the official rates set by the government.

It is essential for both buyers and sellers to understand that the guideline value may differ from the actual sale price. The registration process requires payment of duty on the higher of the guideline value or the sale price, which emphasizes the importance of being informed about the current rates.

Frequently asked questions

What is the current guideline value of Lakshmana Perumal Nagar 4th Cross Street?

The current guideline value of Lakshmana Perumal Nagar 4th Cross Street is Rs 4,400 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 2,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 76% over this period.

What is the median guideline value in Kottivakkam?

The median guideline value in Kottivakkam is Rs 3,900 per sq.ft, which means that Lakshmana Perumal Nagar 4th Cross Street's value is above this median.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.