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Guideline Value

Corporate

Guideline Value for Lakshmi Hygrieva Nagar 4th Cross Street

₹3850/sq.ft.

The guideline value for Lakshmi Hygrieva Nagar 4th Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Lakshmi Hygrieva Nagar 4th Cross Street

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Lakshmi Hygrieva Nagar 4th Cross Street guideline value

The current guideline value of Lakshmi Hygrieva Nagar 4th Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Lakshmi Hygrieva Nagar 4th Cross Street has changed

The guideline value for Lakshmi Hygrieva Nagar 4th Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The latest revision in 2024 shows a significant increase to Rs 3,850 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 157%.

There are no figures available for this street in the revisions of 2023, 2003, and 2002. The changes between the revisions are notable, with a 133% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017, and a substantial increase of 64% from 2017 to 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, placing Lakshmi Hygrieva Nagar 4th Cross Street's current value below this median.

Stamp duty and registration fee for property in Lakshmi Hygrieva Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total of Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Lakshmi Hygrieva Nagar 4th Cross Street?

The Lakshmi Hygrieva Nagar 4th Cross Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Velachery. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable taxes, ensuring that both the buyer and seller are aware of the financial implications of the sale. It is essential to consider the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Lakshmi Hygrieva Nagar 4th Cross Street?

The current guideline value of Lakshmi Hygrieva Nagar 4th Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, showing an overall increase of 157% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 2,69,500, and the registration fee is Rs 77,000, totaling Rs 3,46,500.

Which office handles registrations for Lakshmi Hygrieva Nagar 4th Cross Street?

The Velacheri Sub Registrar Office handles registrations for Lakshmi Hygrieva Nagar 4th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Lakshmi Hygrieva Nagar 4th Cross Street?

The land classification for Lakshmi Hygrieva Nagar 4th Cross Street is Residential Class II Type - III.