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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 2nd Main Road ext

₹4400/sq.ft.

The guideline value for Lakshmi Nagar 2nd Main Road Ext 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 Main Road Ext

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Lakshmi Nagar 2nd Main Road ext guideline value

The current guideline value of Lakshmi Nagar 2nd Main Road ext is Rs 4,400 per sq.ft. This property 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 Main Road ext has changed

The guideline value for Lakshmi Nagar 2nd Main Road ext has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 4,000 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 2,680 per sq.ft, marking a significant 49% increase over the 2023 figure. The 2012 revision also listed a value of Rs 4,000 per sq.ft, which was a decrease of 33% compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for the village is Rs 1,650 per sq.ft, placing the 2024 figure for Lakshmi Nagar 2nd Main Road ext above this median.

Stamp duty and registration fee for property in Lakshmi Nagar 2nd Main Road ext

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

Which Sub Registrar Office covers Lakshmi Nagar 2nd Main Road ext?

The Sub Registrar Office that covers Lakshmi Nagar 2nd Main Road ext 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 plays a crucial role in property transactions in Chitlapakkam, as it is the benchmark used to assess the value of properties for registration purposes. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Accurate knowledge of the guideline value ensures that all parties involved are informed about the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar 2nd Main Road ext?

The current guideline value of Lakshmi Nagar 2nd Main Road ext is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value for Lakshmi Nagar 2nd Main Road ext has seen various revisions. The value increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, with a notable increase of 10% from the previous year.

What is the land classification for Lakshmi Nagar 2nd Main Road ext?

The land classification for Lakshmi Nagar 2nd Main Road ext is Residential Special Type - I, indicating its suitability for residential development.

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 would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These fees are based on the guideline value of the property.

Which office handles registrations for Lakshmi Nagar 2nd Main Road ext?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Lakshmi Nagar 2nd Main Road ext, located at No.26, Mes Road, East Tambaram, Chennai-600059.