Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 6th Main Road

₹3850/sq.ft.

The guideline value for Lakshmi Nagar 6th Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 6th Main Road

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Lakshmi Nagar 6th Main Road guideline value

The current guideline value of Lakshmi Nagar 6th Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Lakshmi Nagar 6th Main Road has changed

The guideline value for Lakshmi Nagar 6th Main Road has seen several revisions over the years. The earliest available figure is from the 2012 revision, which recorded a guideline value of Rs 3,500 per sq.ft. This figure remained unchanged until the 2023 revision, which also listed Rs 3,500 per sq.ft. However, in the 2024 revision, the guideline value increased by 10% to Rs 3,850 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value increased by 10%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Lakshmi Nagar 6th Main Road is below this median.

Stamp duty and registration fee for property in Lakshmi Nagar 6th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmi Nagar 6th Main Road?

The Lakshmi Nagar 6th Main Road is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration of properties in Velachery. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and complies with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The higher the guideline value, the more significant the fees that will be incurred during the registration process.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar 6th Main Road?

The current guideline value of Lakshmi Nagar 6th Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 and 2023 to Rs 3,850 per sq.ft in 2024, marking a 10% increase.

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

Other streets in Velachery with the same guideline value of Rs 3,850 per sq.ft in 2024 include Lakshmi Nagar 6th Extn, Lakshmi Nagar 6th Cross Street, Lakshmi Nagar 6th Street, and Lakshmi Nagar 5th Street.

What is the registration fee for property in Lakshmi Nagar 6th Main Road?

The registration fee for property in Lakshmi Nagar 6th Main Road is calculated based on the guideline value. For example, for a 1,000 sq.ft plot, the registration fee would be Rs 77,000 at a rate of 2%.

Which office handles the registration for Lakshmi Nagar 6th Main Road?

The Velacheri Sub Registrar Office handles the registration for Lakshmi Nagar 6th Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.