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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 4th Cross Street

₹4400/sq.ft.

The guideline value for Lakshmi Nagar 4th Cross Street 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 4th Cross Street

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Lakshmi Nagar 4th Cross Street guideline value

The current guideline value of Lakshmi Nagar 4th Cross Street 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 4th Cross Street has changed

Over the years, the guideline value for Lakshmi Nagar 4th Cross Street has seen several revisions. The 2007 revision recorded a value of Rs 1,700 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a 135% increase. However, the value then dropped to Rs 2,680 per sq.ft in the 2017 revision, a decrease of 33%. In the 2023 revision, the guideline value rose to Rs 4,000 per sq.ft, followed by a further increase to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% change from the previous year.

From the 2017 revision to the 2023 revision, the increase was substantial at 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 159%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,900 per sq.ft, and the 2024 guideline value for Lakshmi Nagar 4th Cross Street is above this median.

Stamp duty and registration fee for property in Lakshmi Nagar 4th 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, 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmi Nagar 4th Cross Street?

The Sub Registrar Office that covers Lakshmi Nagar 4th Cross Street 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 further assistance.

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

The guideline value is a critical factor during property registration in Thalakanancherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps prevent undervaluation of properties during registration.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar 4th Cross Street?

The current guideline value of Lakshmi Nagar 4th 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 significantly, increasing from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 159%.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Lakshmi Nagar 4th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Alandur Sub Registrar Office?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the other streets in Thalakanancherry with similar guideline values?

Other streets in Thalakanancherry with a guideline value of Rs 4,400 per sq.ft include Lakshmi Nagar 3rd Street Stage, Lakshmi Nagar 4th main road, Lakshmi Nagar 4th Stage, Lakshmi Nagar 4th Street, Lakshmi Nagar 3rd Street, and Lakshmi Nagar 3rd Main Road.