Guideline Value

Corporate

Guideline Value for Lakshmi Nagar

₹1006/sq.ft.

The guideline value for Lakshmi Nagar in Vadaperumbakkam village (Redhills SRO, Chennai zone) is Rs 1006 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 101% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaperumbakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1006 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Lakshmi Nagar guideline value

The current guideline value of Lakshmi Nagar, located in Vadaperumbakkam village under the Redhills SRO, is Rs 1,006 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Lakshmi Nagar has changed

The guideline value for Lakshmi Nagar has seen significant changes over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, in 2017, the value dropped to Rs 335 per sq.ft. The 2023 revision marked a substantial increase to Rs 500 per sq.ft, followed by a further increase to Rs 1,006 per sq.ft in 2024, reflecting a change of +101% from 2023 to 2024 and +49% from 2017 to 2023. The register has no figure for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by +403%. Each revision has contributed to the current value, showcasing the fluctuations in the guideline value over the years.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft, with a median value of Rs 1,003 per sq.ft. Lakshmi Nagar's 2024 figure of Rs 1,006 per sq.ft is above 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 1,006 per sq.ft, the total guideline value amounts to Rs 10,06,000. The stamp duty at 7% would be Rs 70,420, and the registration fee at 2% would be Rs 20,120, bringing the total to Rs 90,540. 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?

The Sub Registrar Office covering Lakshmi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Vadaperumbakkam. It is the basis for calculating stamp duty and registration fees during the registration of property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to determine the amount of tax payable. If the sale price is higher than the guideline value, the duty is charged on the sale price instead. Therefore, understanding the current guideline value is essential for both buyers and sellers in the area.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar?

The current guideline value of Lakshmi Nagar is Rs 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, reflecting a total increase of +403% over the years.

What is the land classification of Lakshmi Nagar?

Lakshmi Nagar falls under the Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for Lakshmi Nagar?

The Redhills Sub Registrar Office covers Lakshmi Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Lakshmi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,006 per sq.ft would incur a total stamp duty of Rs 70,420.