Guideline Value for Lakshmipuram 14th St
₹3300/sq.ft.
The guideline value for Lakshmipuram 14th St in Tambaram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 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:
Chengalpattu
Zone
Tambaram
Village
Tambaram Joint 1
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹3300 /sq.ft. |
| From 1-4-2023 | ₹3000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹2010 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹3000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹600 /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)
No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Lakshmipuram 14th St
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Lakshmipuram 14th St guideline value
The current guideline value of Lakshmipuram 14th St is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - I.
How the guideline value of Lakshmipuram 14th St has changed
The guideline value for Lakshmipuram 14th St has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The value then increased to Rs 3,000 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting 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 450%.
Guideline values in Tambaram
In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Lakshmipuram 14th St.
- Lakshmipuram 13th St: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 15th St: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 12th St: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 1-st Main Road: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 11th St: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 1st St: Rs 3,300 per sq.ft (2024)
Stamp duty and registration fee for property in Lakshmipuram 14th St
For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is essential to note that duty is charged on the higher of the guideline value and the sale price.
You can use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Lakshmipuram 14th St?
The Sub Registrar Office that covers Lakshmipuram 14th St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Tambaram
The guideline value plays a crucial role in the registration process when buying or selling property in Tambaram. It is used to determine the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.
When a property is sold, the buyer must pay the 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.
Frequently asked questions
What is the current guideline value of Lakshmipuram 14th St?
The current guideline value of Lakshmipuram 14th St is Rs 3,300 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 450% over the years.
What is the stamp duty rate for properties in Lakshmipuram 14th St?
The stamp duty rate for properties in Lakshmipuram 14th St is 7% of the guideline value or the sale price, whichever is higher.
Where can I find the Sub Registrar Office for Lakshmipuram 14th St?
The Sub Registrar Office for Lakshmipuram 14th St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.
What is the significance of the guideline value in property transactions?
The guideline value is significant in property transactions as it determines the stamp duty and registration fees payable during the registration process. It ensures that the government receives the appropriate revenue from property sales.
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