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

Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 6th Cross St ( Ward No.24 )

₹2700/sq.ft.

The guideline value for Lakshmi Nagar 6th Cross St ( Ward No.24 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[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]
Records for a plot on Lakshmi Nagar 6th Cross St ( Ward No.24 )

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 Nagar 6th Cross St ( Ward No.24 ) guideline value

The current guideline value of Lakshmi Nagar 6th Cross St (Ward No.24) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of Lakshmi Nagar 6th Cross St ( Ward No.24 ) has changed

The guideline value for Lakshmi Nagar 6th Cross St has undergone several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 2,700 per sq.ft, marking an increase of 8% from the previous year.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has risen by 61%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Lakshmi Nagar 6th Cross St is above this median.

Stamp duty and registration fee for property in Lakshmi Nagar 6th Cross St ( Ward No.24 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. 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 details on fees.

Which Sub Registrar Office covers Lakshmi Nagar 6th Cross St ( Ward No.24 )?

The Sub Registrar Office that covers Lakshmi Nagar 6th Cross St (Ward No.24) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, it is important to be aware that the guideline value will influence the overall costs involved in the transaction. Buyers should ensure they are informed about the current guideline value to avoid any unexpected expenses during registration.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar 6th Cross St?

The current guideline value of Lakshmi Nagar 6th Cross St (Ward No.24) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024. This represents an overall increase of 61% over the seven-year period.

What are the stamp duty rates for property in Madhavaram?

The stamp duty for property transactions in Madhavaram is 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration of property.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

What is the land classification for Lakshmi Nagar 6th Cross St?

The land classification for Lakshmi Nagar 6th Cross St (Ward No.24) is Residential Special Type - I, indicating its suitability for residential purposes.