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Guideline Value

Corporate

Guideline Value for Lakshmi Hygrieva Nagar 5th Main Road

₹3850/sq.ft.

The guideline value for Lakshmi Hygrieva Nagar 5th 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 N/A
From 1-4-2012 To 8-6-2017 N/A
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 5th Main Road

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Lakshmi Hygrieva Nagar 5th Main Road guideline value

The current guideline value of Lakshmi Hygrieva Nagar 5th Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Lakshmi Hygrieva Nagar 5th Main Road has changed

According to the register, there are no guideline value figures for Lakshmi Hygrieva Nagar 5th Main Road for the years 2023, 2017, 2012, 2007, 2003, and 2002. The most recent figure is from the 2024 revision, which is Rs 3,850 per sq.ft.

As there have been no changes between the revisions above, the guideline value has remained consistent at Rs 3,850 per sq.ft since the 2024 revision.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Lakshmi Hygrieva Nagar 5th Main Road below this median.

Stamp duty and registration fee for property in Lakshmi Hygrieva Nagar 5th Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while 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 duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Lakshmi Hygrieva Nagar 5th Main Road?

The Lakshmi Hygrieva Nagar 5th Main Road is covered by 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 crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it directly impacts the overall costs involved in the registration process. Buyers and sellers should ensure they are informed about the current rates to avoid any unexpected expenses.

Frequently asked questions

What is the current guideline value of Lakshmi Hygrieva Nagar 5th Main Road?

The current guideline value of Lakshmi Hygrieva Nagar 5th Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for the years 2023, 2017, 2012, 2007, 2003, and 2002 for this street. The most recent figure is from the 2024 revision, which is Rs 3,850 per sq.ft.

What is the land classification for Lakshmi Hygrieva Nagar 5th Main Road?

The land classification for Lakshmi Hygrieva Nagar 5th Main Road is Residential Class II Type - III.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft, with the 2024 figures for various streets ranging from Rs 3,300 to Rs 13,200 per sq.ft.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can also find your SRO by visiting the provided link.