Guideline Value for Lakshmipuram extn Main

Lakshmipuram extn Main guideline value

The current guideline value of Lakshmipuram extn Main is Rs 3,300 per sq.ft, effective from 1 July 2024. This area 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 extn Main has changed

The guideline value for Lakshmipuram extn Main has seen significant revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a substantial rise of 400%. However, this value decreased to Rs 2,010 per sq.ft in 2017, reflecting a drop of 33%. The value then increased dramatically to Rs 3,000 per sq.ft in 2023, and further rose to the current Rs 3,300 per sq.ft in 2024, representing a 10% increase.

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%, highlighting the changes in property valuation over the years.

Guideline values in Tambaram

The guideline values in Tambaram vary across 360 streets, with figures ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Lakshmipuram extn Main.

• Lakshmipuram extn: Rs 3,300 per sq.ft (2024)
• Lakshmipuram-Gandhi Road: Rs 3,300 per sq.ft (2024)
• Lakshmipuram Extension & All Street: Rs 3,300 per sq.ft (2024)
• Lakshmipuram-Gandhi Road 1st Road: Rs 3,300 per sq.ft (2024)
• LAKSHMIPURAM EXTENSION 14tH STREET: Rs 3,300 per sq.ft (2024)
• Lakshmipuram-Gandhi Road 2nd Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmipuram extn Main

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 cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmipuram extn Main?

The Sub Registrar Office that covers Lakshmipuram extn Main 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 further assistance.

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

The guideline value is a crucial factor during the registration process of property transactions in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Lakshmipuram extn Main?

The current guideline value of Lakshmipuram extn Main 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 significantly from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 450% over the years.

What are the other streets in Tambaram with the same guideline value?

Other streets in Tambaram that share the same guideline value of Rs 3,300 per sq.ft include Lakshmipuram-Gandhi Road, Lakshmipuram Extension & All Street, and several others.

How is stamp duty calculated for properties in Lakshmipuram extn Main?

Stamp duty for properties in Lakshmipuram extn Main is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would amount to Rs 2,31,000.

Where can I find the Sub Registrar Office for Lakshmipuram extn Main?

The Sub Registrar Office for Lakshmipuram extn Main is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.