Guideline Value for Lakshmipuram 8th St
₹3300/sq.ft.
The guideline value for Lakshmipuram 8th 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 8th 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 8th St guideline value
The current guideline value of Lakshmipuram 8th 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 8th St has changed
The guideline value for Lakshmipuram 8th St has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 600 per sq.ft, which saw a significant increase to Rs 3,000 per sq.ft in the 2012 revision. However, the value decreased by 33% to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value rose by 49% to Rs 3,000 per sq.ft in the 2023 revision, and it has now increased by 10% to the current value of Rs 3,300 per sq.ft in the 2024 revision.
It is important to note that 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 450%.
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 is Rs 3,300 per sq.ft, which is equal to the current value of Lakshmipuram 8th St.
- Lakshmipuram 7th St: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 9th St: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 6th St: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 5th St: Rs 3,300 per sq.ft (2024)
- LAKSHMIPURAM EXTENSION 14tH STREET: Rs 3,300 per sq.ft (2024)
- Lakshmipuram 4th St: Rs 3,300 per sq.ft (2024)
Stamp duty and registration fee for property in Lakshmipuram 8th St
For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please 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 detailed calculations.
Which Sub Registrar Office covers Lakshmipuram 8th St?
The Sub Registrar Office that covers Lakshmipuram 8th 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 critical factor in property transactions in Tambaram. It serves as a benchmark for determining the minimum value of a property when it is registered. Buyers and sellers must consider this value, as it influences the stamp duty and registration fees applicable during the transaction.
When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and complies with local regulations. This value is essential for both buyers and sellers to understand the costs associated with property transactions in the area.
Frequently asked questions
What is the current guideline value of Lakshmipuram 8th St?
The current guideline value of Lakshmipuram 8th 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, representing a total increase of 450% over this period.
What are the other streets with the same guideline value in Tambaram?
Other streets in Tambaram with the same guideline value of Rs 3,300 per sq.ft include Lakshmipuram 7th St, Lakshmipuram 9th St, Lakshmipuram 6th St, Lakshmipuram 5th St, Lakshmipuram 4th St, and LAKSHMIPURAM EXTENSION 14tH STREET.
What is the stamp duty rate for properties in Lakshmipuram 8th St?
The stamp duty rate for properties in Lakshmipuram 8th St is 7% of the guideline value or the sale price, whichever is higher.
Where can I find the Sub Registrar Office for Lakshmipuram 8th St?
The Sub Registrar Office for Lakshmipuram 8th St is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Tambaram Joint 1 SRO.
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