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Guideline Value

Corporate

Guideline Value for Lakshmana Perumal Nagar Main road

₹4400/sq.ft.

The guideline value for Lakshmana Perumal Nagar Main Road 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 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹760 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹639 /sq.ft.
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 Main Road

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Lakshmana Perumal Nagar Main road guideline value

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

How the guideline value of Lakshmana Perumal Nagar Main road has changed

The guideline value for Lakshmana Perumal Nagar Main road has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 639 per sq.ft. It increased to Rs 760 per sq.ft in 2003, marking a change of +19%. The value saw a significant rise to Rs 3,000 per sq.ft in 2007, which was a +295% increase. In 2012, the value was revised to Rs 4,000 per sq.ft, reflecting a decrease of -33%. The 2017 revision brought the value up to Rs 2,680 per sq.ft, which was an increase of +49% from the previous revision. The 2023 revision set the value at Rs 4,000 per sq.ft, and the most recent revision in 2024 has established the current guideline value at Rs 4,400 per sq.ft, marking a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +589%. There are no figures available for the intervening years between these revisions specifically for this street.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Lakshmana Perumal Nagar Main road is above this median.

Stamp duty and registration fee for property in Lakshmana Perumal Nagar Main road

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, bringing the total to Rs 3,96,000. 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 details.

Which Sub Registrar Office covers Lakshmana Perumal Nagar Main road?

The Adayar Sub Registrar Office covers Lakshmana Perumal Nagar Main road, 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

The guideline value plays a crucial role in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that all transactions are conducted at a standardized rate.

When a property is registered, the guideline value is considered to determine the applicable fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value for Lakshmana Perumal Nagar Main road?

The current guideline value for Lakshmana Perumal Nagar Main road 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 639 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of +589% over the years.

What is the land classification for Lakshmana Perumal Nagar Main road?

The land classification for Lakshmana Perumal Nagar Main road is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

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

How is stamp duty calculated for properties in Kottivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 3,08,000.