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Guideline Value

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Guideline Value for Lakshmana Perumal Nagar Jaganathan Street

₹4400/sq.ft.

The guideline value for Lakshmana Perumal Nagar Jaganathan 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 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.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 Jaganathan Street

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Lakshmana Perumal Nagar Jaganathan Street guideline value

The current guideline value of Lakshmana Perumal Nagar Jaganathan Street is Rs 4,400 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street is located in Kottivakkam village and falls under the Adayar SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Lakshmana Perumal Nagar Jaganathan Street has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft. This figure remained until the 2017 revision, where it decreased by 33% to Rs 2,680 per sq.ft. The value then saw a significant increase of 49% in the 2023 revision, rising to Rs 4,000 per sq.ft. The latest revision in 2024 has further increased this value by 10%, bringing it to Rs 4,400 per sq.ft.

The revisions for the years 2002, 2003, and 2007 show no figures for Lakshmana Perumal Nagar Jaganathan Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value for these streets is Rs 3,900 per sq.ft, indicating that the 2024 guideline value for Lakshmana Perumal Nagar Jaganathan Street is above this median.

Stamp duty and registration fee for property in Lakshmana Perumal Nagar Jaganathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. 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 Lakshmana Perumal Nagar Jaganathan Street?

The Adayar Sub Registrar Office covers Lakshmana Perumal Nagar Jaganathan Street. The office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kottivakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value helps determine the legal value of the property, which is important for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Lakshmana Perumal Nagar Jaganathan Street?

The current guideline value of Lakshmana Perumal Nagar Jaganathan 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 from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Lakshmana Perumal Nagar Jaganathan Street is Residential Class I Type - I.

Where can I find the Adayar Sub Registrar Office?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.