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Guideline Value

Corporate

Guideline Value for Lakshmi Nagar/Vistharippu/Babu Garden

₹1760/sq.ft.

The guideline value for Lakshmi Nagar/vistharippu/babu Garden in Chikkarayapuram village (Kunrathur SRO, Chennai zone) is Rs 1760 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chikkarayapuram

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1760 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹66 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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/vistharippu/babu Garden

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Lakshmi Nagar/Vistharippu/Babu Garden guideline value

The current guideline value for Lakshmi Nagar/Vistharippu/Babu Garden is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Chikkarayapuram village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Lakshmi Nagar/Vistharippu/Babu Garden has changed

The guideline value for this area has seen significant changes over the years. The earliest recorded figure is from 2003, which was Rs 66 per sq.ft. This increased to Rs 300 per sq.ft in 2007, then jumped to Rs 1,600 per sq.ft in 2012. However, there was a decrease to Rs 1,072 per sq.ft in 2017. The value rose again to Rs 1,600 per sq.ft in 2023 before reaching the current value of Rs 1,760 per sq.ft in 2024. The register has no figure for this street in 2002.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. Notably, the value saw a remarkable increase of 433% from 2007 to 2012, and a significant rise of 355% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 2567%.

Guideline values in Chikkarayapuram

In Chikkarayapuram, there are 61 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 2,800 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Lakshmi Nagar/Vistharippu/Babu Garden is below this median.

Stamp duty and registration fee for property in Lakshmi Nagar/Vistharippu/Babu Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmi Nagar/Vistharippu/Babu Garden?

The Sub Registrar Office that covers Lakshmi Nagar/Vistharippu/Babu Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chikkarayapuram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the buyer must ensure that the transaction is registered at the appropriate Sub Registrar Office, where the guideline value will be referenced to calculate the applicable fees. This ensures that all transactions are conducted in accordance with local regulations.

Frequently asked questions

What is the current guideline value for Lakshmi Nagar/Vistharippu/Babu Garden?

The current guideline value for Lakshmi Nagar/Vistharippu/Babu Garden is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 66 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, with various increases and decreases over the years.

What is the median guideline value in Chikkarayapuram?

The median guideline value in Chikkarayapuram is Rs 1,980 per sq.ft, with Lakshmi Nagar/Vistharippu/Babu Garden's value being below this median.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Where can I find the Sub Registrar Office for this area?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registrations for properties in Lakshmi Nagar/Vistharippu/Babu Garden.