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Guideline Value

Corporate

Guideline Value for Lakshmiamman Nagar 6th Cross Street

₹4400/sq.ft.

The guideline value for Lakshmiamman Nagar 6th 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 6th Cross Street

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Lakshmiamman Nagar 6th Cross Street guideline value

The current guideline value of Lakshmiamman Nagar 6th 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 6th Cross Street has changed

The guideline value has seen significant changes over the years. 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 drop of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, reflecting a substantial increase of 49% from the previous revision. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, representing a 10% increase from 2023.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 529%.

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 of Lakshmiamman Nagar 6th Cross Street is above this median.

Stamp duty and registration fee for property in Lakshmiamman Nagar 6th 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, and the registration fee at 2% would be Rs 88,000, making the total cost Rs 3,96,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmiamman Nagar 6th Cross Street?

The Sub Registrar Office that covers Lakshmiamman Nagar 6th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process 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 ensures that the registration fees and stamp duties are calculated based on a standardized value, which helps maintain transparency in property transactions.

When a property is sold, the buyer must pay the stamp duty and registration fee based on the higher of the guideline value or the sale price. This means that if the sale price exceeds the guideline value, the buyer will incur charges based on the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Lakshmiamman Nagar 6th Cross Street?

The current guideline value of Lakshmiamman Nagar 6th Cross Street is Rs 4,400 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 700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 529%.

What are the stamp duty and registration fees for a property 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 Sub Registrar Office is responsible for Lakshmiamman Nagar 6th Cross Street?

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

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties, influencing the stamp duty and registration fees based on the higher of the guideline value or the sale price.