Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Lakshmi Hygrieva Nagar 4th Main Road

₹3850/sq.ft.

The guideline value for Lakshmi Hygrieva Nagar 4th Main Road 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 N/A
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 Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Lakshmi Hygrieva Nagar 4th Main Road guideline value

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

How the guideline value of Lakshmi Hygrieva Nagar 4th Main Road has changed

The guideline value for Lakshmi Hygrieva Nagar 4th Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where it was Rs 2,345 per sq.ft. The most recent revision in 2024 increased the guideline value to Rs 3,850 per sq.ft, marking a significant increase of 64% from the 2017 figure. Overall, from 2012 to 2024, there has been a 10% increase.

The register does not provide figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, indicating that the 2024 figure for Lakshmi Hygrieva Nagar 4th Main Road is below this median.

Stamp duty and registration fee for property in Lakshmi Hygrieva Nagar 4th Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the 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, bringing the total to Rs 3,46,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Lakshmi Hygrieva Nagar 4th Main Road?

The Sub Registrar Office that covers Lakshmi Hygrieva Nagar 4th Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial reference point when buying or selling property in Velachery. It serves as the minimum value for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than fluctuating market prices.

When a property is registered, the guideline value helps determine the official sale price for taxation purposes. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to accurately calculate their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Lakshmi Hygrieva Nagar 4th Main Road?

The current guideline value of Lakshmi Hygrieva Nagar 4th Main Road 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 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, and then to Rs 3,850 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024 and an overall increase of 10% from 2012 to 2024.

What are the guideline values for other streets in Velachery?

Other streets in Velachery under the Velacheri SRO have a guideline value of Rs 3,850 per sq.ft in 2024. This includes streets like Lakshmi Hygrieva Nagar 4th Cross Street, 4th Street, 3rd Street, 5th Cross Street, 3rd Main Road, and 5th Main Road.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 38,50,000, the total fees would be Rs 3,46,500.

Which office handles registrations for Lakshmi Hygrieva Nagar 4th Main Road?

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