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Guideline Value

Corporate

Guideline Value for SRI LAKSHMI GANAPATHY NAGAR

₹248/sq.ft.

The guideline value for Sri Lakshmi Ganapathy Nagar in Thirunilai village (Thiruvottiyur SRO, Chennai zone) is Rs 248 per sq.ft, effective 1 July 2024. It was Rs 226 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirunilai

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹248 /sq.ft.
From 1-4-2023 ₹226 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹151 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹225 /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)

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 Ganapathy Nagar

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Sri Lakshmi Ganapathy Nagar guideline value

The current guideline value of Sri Lakshmi Ganapathy Nagar is Rs 248 per sq.ft. This area is located in Thirunilai village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sri Lakshmi Ganapathy Nagar has changed

The guideline value for Sri Lakshmi Ganapathy Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 225 per sq.ft. In 2017, this value decreased to Rs 151 per sq.ft, marking a decline of 33%. However, by 2023, the guideline value increased significantly to Rs 226 per sq.ft, which was a 50% rise from the 2017 figure. The most recent revision in 2024 has set the guideline value at Rs 248 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirunilai

In Thirunilai village, there are 10 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, all set at Rs 248 per sq.ft, with this street's value matching the median. The other streets in Thirunilai are as follows:

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

For a 1,000 sq.ft plot at the current guideline value of Rs 248 per sq.ft, the total guideline value amounts to Rs 2,48,000. The stamp duty at 7% would be Rs 17,360, and the registration fee at 2% would be Rs 4,960, bringing the total to Rs 22,320. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Lakshmi Ganapathy Nagar?

The Sub Registrar Office that covers Sri Lakshmi Ganapathy Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Thirunilai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is assessed to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

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

The current guideline value of Sri Lakshmi Ganapathy Nagar is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then increased to Rs 226 per sq.ft in 2023, and finally to Rs 248 per sq.ft in 2024.

What is the land classification for Sri Lakshmi Ganapathy Nagar?

The land classification for Sri Lakshmi Ganapathy Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 2,48,000, the stamp duty would be Rs 17,360 and the registration fee would be Rs 4,960, totaling Rs 22,320.

Which office handles property registrations for Sri Lakshmi Ganapathy Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for Sri Lakshmi Ganapathy Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.