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Guideline Value

Corporate

Guideline Value for Lloyds Avenue 2ndStreet (Layits Avenue)

₹5000/sq.ft.

The guideline value for Lloyds Avenue 2ndstreet (layits Avenue) in Adambakkam village (Alandur SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Lloyds Avenue 2ndstreet (layits Avenue)

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Lloyds Avenue 2ndStreet (Layits Avenue) guideline value

The current guideline value of Lloyds Avenue 2ndStreet (Layits Avenue) is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO and is classified as Residential Class I Type - I.

How the guideline value of Lloyds Avenue 2ndStreet (Layits Avenue) has changed

The guideline value for Lloyds Avenue 2ndStreet (Layits Avenue) has undergone several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 4,500 per sq.ft. This figure remained until the next revision in 2017, which saw a decrease to Rs 3,015 per sq.ft, marking a drop of 33%. Following this, the value rose significantly to Rs 4,500 per sq.ft in 2023, and further increased to Rs 5,000 per sq.ft in 2024, reflecting an increase of 11% from the previous year.

There are no recorded guideline values for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Lloyds Avenue 2ndStreet (Layits Avenue) above this median.

Stamp duty and registration fee for property in Lloyds Avenue 2ndStreet (Layits Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty is charged at 7%, amounting to Rs 3,50,000, and the registration fee is charged at 2%, amounting to Rs 1,00,000. Together, the total charges would be Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lloyds Avenue 2ndStreet (Layits Avenue)?

The Sub Registrar Office that covers Lloyds Avenue 2ndStreet (Layits Avenue) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Adambakkam. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers should be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, it is essential to consider the guideline value, as it may differ from the sale price. The registration process requires payment of fees based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Lloyds Avenue 2ndStreet (Layits Avenue)?

The current guideline value of Lloyds Avenue 2ndStreet (Layits Avenue) is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then back to Rs 4,500 per sq.ft in 2023, and finally to Rs 5,000 per sq.ft in 2024.

What is the land classification for Lloyds Avenue 2ndStreet (Layits Avenue)?

Lloyds Avenue 2ndStreet (Layits Avenue) is classified as Residential Class I Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Lloyds Avenue 2ndStreet (Layits Avenue) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Adambakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000, and additional registration fees would apply.