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Guideline Value

Corporate

Guideline Value for Lakshmi Amman Koil 3rd Lane

₹1650/sq.ft.

The guideline value for Lakshmi Amman Koil 3rd Lane in Puzhal village (Redhills SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 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

Puzhal

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹91 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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 Lakshmi Amman Koil 3rd Lane

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Lakshmi Amman Koil 3rd Lane guideline value

The current guideline value of Lakshmi Amman Koil 3rd Lane is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village, under the jurisdiction of the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Lakshmi Amman Koil 3rd Lane has changed

The guideline value for Lakshmi Amman Koil 3rd Lane has undergone several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 91 per sq.ft. This increased to Rs 400 per sq.ft in 2007, marking a significant rise of 340%. In 2012, the value again rose to Rs 1,500 per sq.ft, which was a substantial increase of 275% from the previous revision. However, in 2017, it dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. By 2023, the guideline value had increased to Rs 1,500 per sq.ft, and the latest revision in 2024 set it at Rs 1,650 per sq.ft, a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by an impressive 1713%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, placing Lakshmi Amman Koil 3rd Lane's 2024 figure above this median.

Stamp duty and registration fee for property in Lakshmi Amman Koil 3rd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Lakshmi Amman Koil 3rd Lane?

The Lakshmi Amman Koil 3rd Lane falls under the Redhills Sub Registrar Office located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Puzhal, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When engaging in a property transaction, it is essential to ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. This ensures that all parties are compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Lakshmi Amman Koil 3rd Lane?

The current guideline value of Lakshmi Amman Koil 3rd Lane is Rs 1,650 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 91 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 1713% over this period.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Lakshmi Amman Koil 3rd Lane?

The Redhills Sub Registrar Office handles registrations for Lakshmi Amman Koil 3rd Lane, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum registration value for properties and is used to calculate stamp duty and registration fees during property transactions in Puzhal.