Guideline Value

Corporate

Guideline Value for Lakshmi Nagar 7th Stage

₹4400/sq.ft.

The guideline value for Lakshmi Nagar 7th Stage 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 7th Stage

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Lakshmi Nagar 7th Stage guideline value

The current guideline value of Lakshmi Nagar 7th Stage is Rs 4,400 per sq.ft. This property is located in Thalakanancherry village, under the Alandur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Lakshmi Nagar 7th Stage has changed

The guideline value for Lakshmi Nagar 7th Stage has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,700 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, marking a significant rise of 135%. However, by 2017, the value decreased to Rs 2,680 per sq.ft, which was a decline of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, and subsequently to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 159%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Thalakanancherry

In Thalakanancherry village, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Lakshmi Nagar 7th Stage is above this median.

Stamp duty and registration fee for property in Lakshmi Nagar 7th Stage

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 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 also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Lakshmi Nagar 7th Stage?

The Sub Registrar Office that covers Lakshmi Nagar 7th Stage 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 in the registration process of property transactions in Thalakanancherry. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the sale or purchase of a property.

When buying or selling property, it is essential to be aware of the guideline value as it ensures compliance with legal requirements and helps in accurately assessing the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar 7th Stage?

The current guideline value of Lakshmi Nagar 7th Stage is Rs 4,400 per sq.ft as of the 2024 revision.

How often does the guideline value change?

The guideline value is revised periodically, with the most recent revision occurring on 1 July 2024, prior to which the last revision was in 2023.

What was the guideline value in 2017?

The guideline value for Lakshmi Nagar 7th Stage in 2017 was Rs 2,680 per sq.ft.

Where can I find the registration office for Lakshmi Nagar 7th Stage?

The registration office for Lakshmi Nagar 7th Stage is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Lakshmi Nagar 7th Stage?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.