Guideline Value

Corporate

Guideline Value for SRI LAKSHMI AMMAN NAGAR

₹330/sq.ft.

The guideline value for Sri Lakshmi Amman Nagar in Melsingilimedu village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 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

Melsingilimedu

Village

Thiruvottiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Sri Lakshmi Amman Nagar

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Sri Lakshmi Amman Nagar guideline value

The current guideline value of Sri Lakshmi Amman Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Melsingilimedu village and falls under the Thiruvottiyur SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Sri Lakshmi Amman Nagar has changed

Over the years, the guideline value of Sri Lakshmi Amman Nagar has seen several revisions. The earliest recorded value was Rs 100 per sq.ft in 2007. This increased significantly to Rs 300 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 201 per sq.ft in 2017, which was a decline of 33%. The value rose again to Rs 300 per sq.ft in 2023, and most recently, it has increased to Rs 330 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Melsingilimedu

In Melsingilimedu, there are 14 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 880 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the guideline value of Sri Lakshmi Amman Nagar.

Stamp duty and registration fee for property in Sri Lakshmi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Lakshmi Amman Nagar?

The Sri Lakshmi Amman Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Melsingilimedu. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the minimum value on which stamp duty is calculated. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Amman Nagar?

The current guideline value of Sri Lakshmi Amman Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 100 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, marking an overall increase of 230% over the years.

What is the registration office for Sri Lakshmi Amman Nagar?

The registration office for Sri Lakshmi Amman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 3,30,000 would incur a stamp duty of Rs 23,100 at a rate of 7%.

Are there other streets with the same guideline value in Melsingilimedu?

Yes, several other streets in Melsingilimedu also have a guideline value of Rs 330 per sq.ft for 2024, including Sri Kaligambal Nagar Ext, Sri Kaligambal Nagar, Sri Kaligambal Avenue, Thippu Jayanthi Nagar, and Thippu Jayanthi Nagar (2).