Guideline Value

Corporate

Guideline Value for Lakshmi Amman Nagar

₹440/sq.ft.

The guideline value for Lakshmi Amman Nagar in Karanodai village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karanodai

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /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)

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 Nagar

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Lakshmi Amman Nagar guideline value

The current guideline value of Lakshmi Amman Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Karanodai village, under the jurisdiction of the Redhills SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Lakshmi Amman Nagar has changed

Since the 2007 revision, the guideline value for Lakshmi Amman Nagar has seen significant changes. In 2007, the guideline value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017. Following this, the value rose sharply to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The value from 2012 to 2017 saw a decrease of 33%, while the 2007 to 2012 period experienced a 100% increase. Overall, from 2007 to 2024, the guideline value has increased by 120%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Karanodai

In Karanodai village, there are 38 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,000 per sq.ft, with a median value of Rs 1,210 per sq.ft. Lakshmi Amman Nagar's 2024 figure is below this median.

Stamp duty and registration fee for property in Lakshmi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmi Amman Nagar?

The Sub Registrar Office that covers Lakshmi Amman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role in the property registration process in Karanodai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value is referenced to determine the legal and financial obligations involved in the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Lakshmi Amman Nagar?

The current guideline value of Lakshmi Amman Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, increasing from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, with various fluctuations in between.

What is the registration office for Lakshmi Amman Nagar?

The registration office for Lakshmi Amman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Lakshmi Amman Nagar?

Stamp duty for properties in Lakshmi Amman Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,40,000 would incur a stamp duty of Rs 30,800 at 7%.

What are the other streets in Karanodai with their guideline values?

Other streets in Karanodai include Lakshmiamman Koil Street at Rs 1,210 per sq.ft, Lakshmi Nagar at Rs 1,650 per sq.ft, Kasthuri Ammal Nagar at Rs 550 per sq.ft, Munivel Nagar at Rs 1,210 per sq.ft, J.P. Nagar at Rs 1,650 per sq.ft, and Jai Nagar at Rs 440 per sq.ft.