Guideline Value for Lakshmipuram 7th St
₹3300/sq.ft.
The guideline value for Lakshmipuram 7th 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 7th 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 7th St guideline value
The current guideline value of Lakshmipuram 7th 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 7th St has changed
Over the years, the guideline value for Lakshmipuram 7th St has seen several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 600 per sq.ft. This figure increased significantly in 2012 to Rs 3,000 per sq.ft, marking a 400% rise. However, the value then decreased to Rs 2,010 per sq.ft in 2017, which represented a decline of 33%. The value rebounded to Rs 3,000 per sq.ft in 2023, and then increased again to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.
From 2017 to 2023, the guideline value rose by 49%. Overall, from 2007 to 2024, the guideline value has increased by 450%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.
Guideline values in Tambaram
In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry 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 guideline value of Lakshmipuram 7th St.
- Lakshmipuram 6th St: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 8th St: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 5th St: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 9th St: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 4th St: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 3rd St: Rs 3,300 per sq.ft (2024)
Stamp duty and registration fee for property in Lakshmipuram 7th 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 fees to Rs 2,97,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.
You can use the stamp duty and registration fee calculator for more precise calculations.
Which Sub Registrar Office covers Lakshmipuram 7th St?
The Sub Registrar Office that covers Lakshmipuram 7th 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 is a crucial factor in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.
When a property is sold, the registration authorities will assess the guideline value to ensure that the transaction is registered at a fair and standardized rate. This helps maintain transparency and consistency in property transactions across the region.
Frequently asked questions
What is the current guideline value of Lakshmipuram 7th St?
The current guideline value of Lakshmipuram 7th 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. Notable changes include a significant increase of 400% from 2007 to 2012 and a decrease of 33% from 2012 to 2017.
What is the registration office for Lakshmipuram 7th St?
The registration office for Lakshmipuram 7th St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.
How is stamp duty calculated for properties in Lakshmipuram 7th St?
Stamp duty for properties in Lakshmipuram 7th St is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for registration fees.
What is the median guideline value for streets in Tambaram?
The median guideline value for streets in Tambaram is Rs 3,300 per sq.ft, which is the same as the guideline value for Lakshmipuram 7th St.
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