Guideline Value

Corporate

Guideline Value for Lakshmi Nagar

₹2090/sq.ft.

The guideline value for Lakshmi Nagar in Kattupakkam village (Kunrathur SRO, Chennai zone) is Rs 2090 per sq.ft, effective 1 July 2024. It was Rs 1900 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

Kattupakkam

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2090 /sq.ft.
From 1-4-2023 ₹1900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1273 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹60 /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

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Lakshmi Nagar guideline value

The current guideline value of Lakshmi Nagar in Kattupakkam village under the Kunrathur SRO is Rs 2,090 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Lakshmi Nagar has changed

The guideline value of Lakshmi Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 60 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2007. Following this, there was a remarkable jump to Rs 1,900 per sq.ft in 2012. However, this figure decreased to Rs 1,273 per sq.ft in 2017. The subsequent revision in 2023 saw the guideline value rise to Rs 1,900 per sq.ft, and the latest revision in 2024 has set it at Rs 2,090 per sq.ft. The register has no figure for this street in 2002.

Between these revisions, there have been notable changes. The increase from 2017 to 2023 was 49%, while the jump from 2023 to 2024 was 10%. The change from 2012 to 2017 was a decrease of 33%. The significant rise from 2007 to 2012 was 660%, and from 2003 to 2007, it was an increase of 317%. Overall, from 2003 to 2024, the guideline value has increased by 3,383%.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft, with the median being Rs 2,090 per sq.ft. The guideline value for Lakshmi Nagar aligns with this median.

Stamp duty and registration fee for property in Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, making the total cost for these fees Rs 1,88,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar?

The Sub Registrar Office covering Lakshmi Nagar 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 Kattupakkam

The guideline value plays a crucial role in property transactions in Kattupakkam. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar?

The current guideline value of Lakshmi Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 60 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, which is an overall increase of 3,383%.

What are the registration fees for property in Lakshmi Nagar?

The registration fees for property in Lakshmi Nagar include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations in Lakshmi Nagar?

The Kunrathur Sub Registrar Office handles property registrations in Lakshmi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Lakshmi Nagar?

The land classification for Lakshmi Nagar is Residential Class I Type - I, indicating its suitability for residential development.