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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar Main Road Cross Street

₹3900/sq.ft.

The guideline value for Lakshmi Nagar Main Road Cross Street in Adambakkam village (Alandur SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹424 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹372 /sq.ft.
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 Main Road Cross Street

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Lakshmi Nagar Main Road Cross Street guideline value

The current guideline value of Lakshmi Nagar Main Road Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Lakshmi Nagar Main Road Cross Street has changed

Over the years, the guideline value for Lakshmi Nagar Main Road Cross Street has seen significant changes. In 2002, the guideline value was Rs 372 per sq.ft. This figure increased to Rs 424 per sq.ft in 2003, marking a 14% rise. The value then experienced a substantial increase of 112% to reach Rs 900 per sq.ft in 2007. Following this, the value surged by 289% to Rs 3,500 per sq.ft in 2012. However, between 2012 and 2017, there was a decline of 33%, bringing the value down to Rs 2,345 per sq.ft. The guideline value then rose by 49% to Rs 3,500 per sq.ft in 2023.

With the latest revision in 2024, the guideline value has increased by 11% to Rs 3,900 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 948%. There are no figures available for any other years for this street in the register.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which matches the current guideline value for Lakshmi Nagar Main Road Cross Street.

Stamp duty and registration fee for property in Lakshmi Nagar Main Road Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty, charged at 7%, would amount to Rs 2,73,000, and the registration fee, charged at 2%, would be Rs 78,000. Together, the total fees would be Rs 3,51,000. 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Lakshmi Nagar Main Road Cross Street?

The Sub Registrar Office that covers Lakshmi Nagar Main Road Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adambakkam. 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 a buyer and seller agree on a sale price, the guideline value is compared to this price. The higher of the two values is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar Main Road Cross Street?

The current guideline value of Lakshmi Nagar Main Road Cross Street is Rs 3,900 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 372 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, which is an overall increase of 948%.

What is the land classification for this street?

Lakshmi Nagar Main Road Cross Street is classified as Residential Class I Type - III.

Where can I find the registration office for this area?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the stamp duty would be calculated on the guideline value of Rs 39,00,000.