Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Muthulakshmi Salai (L.B. Road)

₹12700/sq.ft.

The guideline value for Muthulakshmi Salai (l.b. Road) in Kazhikundram village (Adayar SRO, Chennai zone) is Rs 12700 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kazhikundram

Village

Adayar

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹12700 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /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)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Muthulakshmi Salai (l.b. Road)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Muthulakshmi Salai (L.B. Road) guideline value

The current guideline value for Muthulakshmi Salai (L.B. Road) is Rs 12,700 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village and falls under the Adayar SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Muthulakshmi Salai (L.B. Road) has changed

The guideline value for Muthulakshmi Salai (L.B. Road) has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 11,500 per sq.ft. This was followed by a decrease to Rs 7,705 per sq.ft in 2017. The value then increased significantly to Rs 11,500 per sq.ft in 2023, and finally rose to Rs 12,700 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kazhikundram

In Kazhikundram, there are 68 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Muthulakshmi Salai (L.B. Road) above that median.

Stamp duty and registration fee for property in Muthulakshmi Salai (L.B. Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 12,700 per sq.ft, the total guideline value amounts to Rs 1,27,00,000. The stamp duty at 7% would be Rs 8,89,000, and the registration fee at 2% would be Rs 2,54,000, leading to a total of Rs 11,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthulakshmi Salai (L.B. Road)?

The Sub Registrar Office that covers Muthulakshmi Salai (L.B. Road) is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Kazhikundram. It serves as a benchmark for determining the minimum value of a property, which is utilized to calculate stamp duty and registration fees at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property in the official records. This process aids in maintaining transparency and standardization in real estate transactions.

Frequently asked questions

What is the current guideline value of Muthulakshmi Salai (L.B. Road)?

The current guideline value of Muthulakshmi Salai (L.B. Road) is Rs 12,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,500 per sq.ft in 2012 to Rs 7,705 per sq.ft in 2017, then to Rs 11,500 per sq.ft in 2023, and finally to Rs 12,700 per sq.ft in 2024.

What is the land classification for Muthulakshmi Salai (L.B. Road)?

The land classification for Muthulakshmi Salai (L.B. Road) is Commercial Class I Type - I.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Muthulakshmi Salai (L.B. Road)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 1,27,00,000, the stamp duty at 7% would be Rs 8,89,000.