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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 2nd Cross Street

₹4400/sq.ft.

The guideline value for Lakshmi Nagar 2nd Cross Street in Chitlapakkam village (Tambaram Joint 1 SRO, Chengalpattu 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 Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chitlapakkam

Village

Tambaram Joint 1

SRO

Residential Special Type - I
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 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.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Lakshmi Nagar 2nd Cross Street

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Lakshmi Nagar 2nd Cross Street guideline value

The current guideline value of Lakshmi Nagar 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Lakshmi Nagar 2nd Cross Street has changed

The guideline value for Lakshmi Nagar 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. Following that, the value increased to Rs 4,000 per sq.ft in 2023, and finally, it reached Rs 4,400 per sq.ft in the 2024 revision. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, making the 2024 guideline value of Lakshmi Nagar 2nd Cross Street above the median.

Stamp duty and registration fee for property in Lakshmi Nagar 2nd Cross 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 amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar 2nd Cross Street?

The Sub Registrar Office that covers Lakshmi Nagar 2nd Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the higher of the guideline value or the actual sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar 2nd Cross Street?

The current guideline value of Lakshmi Nagar 2nd Cross 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 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What are the other streets in Chitlapakkam with the same guideline value?

Other streets in Chitlapakkam with the same guideline value of Rs 4,400 per sq.ft include Lakshmi Nagar 2nd Main Road, Lakshmi Nagar 1st Main Road, Lakshmi Nagar 2nd Main Road ext, Lakshmi Nagar 3rd Cross Street, Lakshmi Nagar 3rd Main Road, and Lakshmi nagar cross street.

What is the registration fee for properties in Lakshmi Nagar 2nd Cross Street?

The registration fee for properties in Lakshmi Nagar 2nd Cross Street is calculated based on the guideline value. For example, for a property valued at Rs 44,00,000, the registration fee at 2% would be Rs 88,000.

Where can I find the Sub Registrar Office for Lakshmi Nagar 2nd Cross Street?

The Sub Registrar Office for Lakshmi Nagar 2nd Cross Street is located at No.26, mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.