Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 3rd Main Road

₹4400/sq.ft.

The guideline value for Lakshmi Nagar 3rd Main Road 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 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 street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

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. 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 2017. Following this, the 2023 revision increased the value to Rs 4,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 4,400 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a 10% increase, reflecting the current value of Rs 4,400 per sq.ft.

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 in this area is Rs 1,650 per sq.ft, placing Lakshmi Nagar 3rd Main Road above this median value.

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 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, resulting in a total of 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 more information on calculating fees, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Lakshmi Nagar 3rd Main Road 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 further assistance.

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

When buying or selling property in Chitlapakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the local regulations.

The guideline value is used to calculate the applicable fees, which means that both buyers and sellers must be aware of the current rates to avoid any discrepancies during registration. It is essential to refer to the latest guideline value to ensure compliance with the regulations set forth by the Registration Department.

Frequently asked questions

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

The current guideline value of 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 from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased 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 with the same guideline value in Chitlapakkam?

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

How is the stamp duty calculated for properties in Lakshmi Nagar 3rd Main Road?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 3,08,000 based on the current guideline value.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Lakshmi Nagar 3rd Main Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059. You can also find your SRO through the provided link.