Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 10th Street

₹4400/sq.ft.

The guideline value for Lakshmi Nagar 10th Street in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 Nagar 10th Street

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Lakshmi Nagar 10th Street guideline value

The current guideline value of Lakshmi Nagar 10th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of Lakshmi Nagar 10th Street has changed

Over the years, the guideline value for Lakshmi Nagar 10th Street has seen several revisions. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this figure dropped to Rs 2,680 per sq.ft in 2017, before rising to Rs 4,000 per sq.ft again in 2023, and finally reaching Rs 4,400 per sq.ft in the 2024 revision.

The changes between these revisions are notable. From 2007 to 2012, the value increased by 129%, but then decreased by 33% from 2012 to 2017. Following this, there was a substantial increase of 49% from 2017 to 2023, culminating in a 10% rise from 2023 to 2024. Overall, the guideline value has increased by 151% from 2007 to 2024.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO carrying a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Lakshmi Nagar 10th Street is above this median.

Stamp duty and registration fee for property in Lakshmi Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would amount to Rs 88,000, bringing the total fees to Rs 3,96,000. 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 details.

Which Sub Registrar Office covers Lakshmi Nagar 10th Street?

The Sub Registrar Office that covers Lakshmi Nagar 10th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thalakanancherry. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Additionally, the guideline value is updated periodically, reflecting changes in the real estate market. Buyers and sellers should stay informed about these updates to understand the financial implications when engaging in property transactions.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar 10th Street?

The current guideline value of Lakshmi Nagar 10th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with several revisions in between.

What is the land classification for Lakshmi Nagar 10th Street?

Lakshmi Nagar 10th Street is classified as Residential Class I Type - II under the Alandur SRO.

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

For a property valued at Rs 44,00,000, the stamp duty is Rs 3,08,000 and the registration fee is Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Lakshmi Nagar 10th Street located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.