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Guideline Value

Corporate

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

₹12700/sq.ft.

The guideline value for Muthulakshmi Salai (l.b. Road) in Pallipattu 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 - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallipattu

Village

Adayar

SRO

Commercial Class I Type - II
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)

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Muthulakshmi Salai (L.B. Road) guideline value

The current guideline value of Muthulakshmi Salai (L.B. Road) is Rs 12,700 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village under the Adayar SRO and is classified as Commercial Class I Type - II.

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

The guideline value for Muthulakshmi Salai (L.B. Road) has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 11,500 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 7,705 per sq.ft. However, from 2017 to 2023, there was a significant increase to Rs 11,500 per sq.ft, followed by another increase to Rs 12,700 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

In summary, the guideline value has changed as follows: from Rs 11,500 in 2012 to Rs 7,705 in 2017, then up to Rs 11,500 in 2023, and finally to Rs 12,700 in 2024. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Pallipattu

Pallipattu village has a range of guideline values across its 72 streets under the Adayar SRO, with the 2024 figures varying from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 9,400 per sq.ft, placing Muthulakshmi Salai (L.B. Road) above this median with its current value of Rs 12,700 per sq.ft.

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 would amount to Rs 1,27,00,000. The stamp duty, charged at 7%, would be Rs 8,89,000, while the registration fee at 2% would be Rs 2,54,000. Together, these charges total Rs 11,43,000. 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 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these fees are calculated based on a standardized value set by the government.

When a property is sold, the guideline value helps to establish a fair amount for taxation purposes, which is essential for both buyers and sellers to understand. This ensures that all transactions are recorded accurately and in compliance with the regulations set forth by the Registration Department.

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 in 2012 to Rs 7,705 in 2017, then increased to Rs 11,500 in 2023, and finally to Rs 12,700 in 2024. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

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

Muthulakshmi Salai (L.B. Road) is classified as Commercial Class I Type - II. This classification is important for understanding the potential uses of the property in this area.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 8,89,000.

Where can I find the Sub Registrar Office for Muthulakshmi Salai (L.B. Road)?

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