Guideline Value for Lakshmipuram 4th Street

Lakshmipuram 4th Street guideline value

The current guideline value of Lakshmipuram 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Lakshmipuram 4th Street has changed

The guideline value for Lakshmipuram 4th Street has seen several revisions over the years. The oldest recorded figure is from the 2012 revision, which was Rs 4,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 4,400 per sq.ft, marking a 10% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street. The current guideline value reflects the median value for the 2,691 streets in Velachery, which also stands at Rs 4,400 per sq.ft for 2024.

Guideline values in Velachery

In Velachery, the guideline values range from Rs 3,300 to Rs 13,200 per sq.ft, with the median being Rs 4,400 per sq.ft. Lakshmipuram 4th Street's 2024 guideline value is equal to this median.

• Lakshmipuram 4th Cross Street: Rs 4,400 per sq.ft (2024)
• Lakshmipuram 5th Cross Street: Rs 4,400 per sq.ft (2024)
• Lakshmipuram 3rd Street: Rs 4,400 per sq.ft (2024)
• Lakshmipuram 5th Street: Rs 4,400 per sq.ft (2024)
• Lakshmipuram 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Lakshmipuram 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmipuram 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, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmipuram 4th Street?

The Sub Registrar Office that covers Lakshmipuram 4th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Lakshmipuram 4th Street?

The current guideline value of Lakshmipuram 4th 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 increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

Are there any years with no recorded guideline values for this street?

Yes, there are no recorded guideline values for Lakshmipuram 4th Street for the years 2002, 2003, 2007, 2017, and 2023.

What is the registration fee for property in Lakshmipuram 4th Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Where can I find more information about the Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. More information can be found by using the find your SRO tool.