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Guideline Value

Corporate

Guideline Value for Lakshmiamman Nagar 4th Street

₹4400/sq.ft.

The guideline value for Lakshmiamman Nagar 4th 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 Street

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Lakshmiamman Nagar 4th Street guideline value

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

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

Over the years, the guideline value of Lakshmiamman Nagar 4th Street has seen significant changes. In the 2007 revision, the value was Rs 700 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 471%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 529%.

Guideline values in Sembiam

In Sembiam, there are a total of 250 streets under the Sembiam SRO with a 2024 guideline value range from Rs 1,700 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Lakshmiamman Nagar 4th Street's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmiamman Nagar 4th Street?

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

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

The guideline value is a crucial factor when buying or selling property in Sembiam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When a property is sold, the guideline value ensures that the transaction reflects a fair value for taxation purposes. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly, from Rs 700 per sq.ft to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 529%.

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

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

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Sembiam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value, the stamp duty would be calculated accordingly to ensure compliance with registration requirements.