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Guideline Value

Corporate

Guideline Value for Lakshmiamman Nagar 4th Cross Street

₹4400/sq.ft.

The guideline value for Lakshmiamman Nagar 4th Cross Street in Sembiam village (Sembiam 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 Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sembiam

Village

Sembiam

SRO

Commercial Class I Type - III
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 ₹700 /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)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Lakshmiamman Nagar 4th Cross Street

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Lakshmiamman Nagar 4th Cross Street guideline value

The current guideline value of Lakshmiamman Nagar 4th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Lakshmiamman Nagar 4th Cross Street has changed

The guideline value for Lakshmiamman Nagar 4th Cross Street has undergone several revisions over the years. The earliest available figure is from 2007, where the value was Rs 700 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a remarkable rise of 471%. However, by 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then surged again to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 529%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Lakshmiamman Nagar 4th Cross Street is notably above this median.

Stamp duty and registration fee for property in Lakshmiamman Nagar 4th Cross Street

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, while the registration fee at 2% would be Rs 88,000, bringing the total fees together 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmiamman Nagar 4th Cross Street?

The Sub Registrar Office that covers Lakshmiamman Nagar 4th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the stamp duty and registration fees payable when buying or selling property. When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations.

Additionally, the guideline value serves as a reference point for buyers and sellers in the real estate market, providing a standardized valuation for properties within the area. This helps facilitate smoother transactions and ensures transparency in property dealings.

Frequently asked questions

What is the current guideline value of Lakshmiamman Nagar 4th Cross Street?

The current guideline value of Lakshmiamman Nagar 4th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 529%.

What is the land classification for Lakshmiamman Nagar 4th Cross Street?

The land classification for Lakshmiamman Nagar 4th Cross Street is Commercial Class I Type - III.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Lakshmiamman Nagar 4th Cross Street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011 handles registrations for Lakshmiamman Nagar 4th Cross Street.