Guideline Value

Corporate

Guideline Value for Lakshmi Colony

₹1100/sq.ft.

The guideline value for Lakshmi Colony in Pattravakkam village (Konnur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 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

Pattravakkam

Village

Konnur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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 Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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]

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Lakshmi Colony guideline value

The current guideline value of Lakshmi Colony, located in Pattravakkam village under the Konnur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under Residential Class III Type - I land classification.

How the guideline value of Lakshmi Colony has changed

Over the years, the guideline value of Lakshmi Colony has experienced several revisions. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then saw a decrease to Rs 536 per sq.ft in the 2017 revision. The guideline value rose again to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 1,100 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was an increase of 87%, followed by a further increase of 10% from 2023 to 2024. The overall change from the 2007 revision to the current 2024 figure is an increase of 267%.

Guideline values in Pattravakkam

In Pattravakkam, there are 34 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,900 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value of Lakshmi Colony is below this median.

Stamp duty and registration fee for property in Lakshmi Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Lakshmi Colony?

The Sub Registrar Office that covers Lakshmi Colony is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pattravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable charges. It is essential to ensure that the sale price is not lower than the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Lakshmi Colony?

The current guideline value of Lakshmi Colony is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 267% over the years.

What are the other streets with the same guideline value in Pattravakkam?

Other streets in Pattravakkam with the same guideline value of Rs 1,100 per sq.ft in 2024 include Kullakkarai Street, Krishna Nagar, and Mariamman Koil Street.

What is the registration fee for property in Lakshmi Colony?

The registration fee for property in Lakshmi Colony is calculated based on the guideline value, which is Rs 1,100 per sq.ft. For a 1,000 sq.ft plot, the registration fee would be Rs 22,000.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.