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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 1st Main road

₹4400/sq.ft.

The guideline value for Lakshmi Nagar 1st Main Road 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 ₹1700 /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 1st Main Road

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Lakshmi Nagar 1st Main road guideline value

The current guideline value for Lakshmi Nagar 1st Main road 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 1st Main road has changed

The guideline value for Lakshmi Nagar 1st Main road has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,700 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 135% rise. However, there was a decrease to Rs 2,680 per sq.ft in 2017, which was a 33% drop. The value then rose sharply to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 159%.

Guideline values in Thalakanancherry

In Thalakanancherry village, there are 318 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, and the value for Lakshmi Nagar 1st Main road is above this median.

Stamp duty and registration fee for property in Lakshmi Nagar 1st Main road

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 amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for these fees would be 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmi Nagar 1st Main road?

The Sub Registrar Office that covers Lakshmi Nagar 1st Main road 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 when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the registration fees and stamp duties are calculated based on this guideline value or the sale price, whichever is higher.

During the registration process, it is essential to ensure that the property is valued accurately according to the guideline value, as this will affect the overall costs involved in the transaction. Failure to adhere to these guidelines may result in complications during registration.

Frequently asked questions

What is the current guideline value for Lakshmi Nagar 1st Main road?

The current guideline value for Lakshmi Nagar 1st Main road 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 significantly from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 159%.

What are the stamp duty and registration fees for property in Lakshmi Nagar 1st Main road?

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

Which Sub Registrar Office covers Lakshmi Nagar 1st Main road?

The Alandur Sub Registrar Office covers Lakshmi Nagar 1st Main road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Lakshmi Nagar 1st Main road?

The land classification for Lakshmi Nagar 1st Main road is Residential Class I Type - II.