Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 3rd Main Road

₹4400/sq.ft.

The guideline value for Lakshmi Nagar 3rd 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 3rd Main Road

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Lakshmi Nagar 3rd Main Road guideline value

The current guideline value of Lakshmi Nagar 3rd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Lakshmi Nagar 3rd Main Road has changed

The guideline value for Lakshmi Nagar 3rd Main Road has seen several revisions over the years. In the 2007 revision, the value was Rs 1,700 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision marked an increase to Rs 4,000 per sq.ft, followed by a rise to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 rate, there has been a significant increase of 159%. The guideline value rose by 49% from 2017 to 2023 and saw a 135% increase from 2007 to 2012. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, positioning Lakshmi Nagar 3rd Main Road above this median.

Stamp duty and registration fee for property in Lakshmi Nagar 3rd 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, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar 3rd Main Road?

The Sub Registrar Office that covers Lakshmi Nagar 3rd 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 is a crucial factor when buying or selling property in Thalakanancherry. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Lakshmi Nagar 3rd Main Road?

The current guideline value for Lakshmi Nagar 3rd 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, marking an overall increase of 159% over the years.

What are the stamp duty and registration fees for properties in Lakshmi Nagar 3rd Main Road?

For a 1,000 sq.ft property, the total guideline value is Rs 44,00,000, resulting in a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office handles registrations for Lakshmi Nagar 3rd Main Road?

The Alandur Sub Registrar Office handles registrations for Lakshmi Nagar 3rd Main Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Lakshmi Nagar 3rd Main Road?

Lakshmi Nagar 3rd Main Road is classified as Residential Class I Type - II, indicating its suitability for residential development.