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Guideline Value

Corporate

Guideline Value for Lakshmi Hygrieva Nagar 6th Main Road

₹3850/sq.ft.

The guideline value for Lakshmi Hygrieva Nagar 6th 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 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 6th Main Road

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Lakshmi Hygrieva Nagar 6th Main Road guideline value

The current guideline value of Lakshmi Hygrieva Nagar 6th 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 it falls under the Residential Class II Type - III land classification.

How the guideline value of Lakshmi Hygrieva Nagar 6th Main Road has changed

Looking back at the revisions, the guideline value for this street was last updated in 2017, where it was set at Rs 2,345 per sq.ft. The most recent revision in 2024 shows a significant increase to Rs 3,850 per sq.ft, marking a change of +64% from the 2017 figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions we can reference are from 2017 to 2024, which shows a clear upward trend in the guideline value.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in Velachery is Rs 4,400 per sq.ft, which means the 2024 figure for Lakshmi Hygrieva Nagar 6th Main Road is below this median.

Stamp duty and registration fee for property in Lakshmi Hygrieva Nagar 6th Main Road

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, resulting in a total cost 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Lakshmi Hygrieva Nagar 6th Main Road?

The Sub Registrar Office that covers Lakshmi Hygrieva Nagar 6th Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can visit this link.

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 the basis for calculating the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When registering a property, the guideline value helps determine the official worth of the land, which can influence the overall costs associated with the sale. It is essential for buyers and sellers to understand this value to ensure compliance with local regulations and avoid any potential issues during the registration process.

Frequently asked questions

What is the current guideline value for Lakshmi Hygrieva Nagar 6th Main Road?

The current guideline value for Lakshmi Hygrieva Nagar 6th Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,850 per sq.ft, which is a change of +64%.

Are there any revisions without figures for Lakshmi Hygrieva Nagar 6th Main Road?

Yes, the register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

How does the guideline value compare to other streets in Velachery?

The guideline value of Rs 3,850 per sq.ft for Lakshmi Hygrieva Nagar 6th Main Road is below the median value of Rs 4,400 per sq.ft for other streets in Velachery.

What are the fees involved when buying property in Lakshmi Hygrieva Nagar 6th Main Road?

When buying property, the stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 3,46,500.