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Guideline Value

Corporate

Guideline Value for Sri Lakshmi Amman Nagar

₹1500/sq.ft.

The guideline value for Sri Lakshmi Amman Nagar in Kathirvedu village (Ambattur SRO, Chennai zone) is Rs 1500 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kathirvedu

Village

Ambattur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1500 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹55 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[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, located in Kathirvedu village under the Ambattur SRO, is Rs 1,500 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Sri Lakshmi Amman Nagar has changed

The guideline value for Sri Lakshmi Amman Nagar has seen several revisions over the years. Starting from Rs 55 per sq.ft in 2002, it increased to Rs 100 per sq.ft in 2003, marking an increase of 82%. The value then rose significantly to Rs 400 per sq.ft in 2007, which is a 300% increase. Following this, the value reached Rs 1,400 per sq.ft in 2012, reflecting a 250% increase from the previous revision. However, it dropped to Rs 938 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 1,400 per sq.ft in 2023, before reaching the current figure of Rs 1,500 per sq.ft in 2024, which is a 7% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2,627%. The register has no figures for the years not explicitly mentioned in the revisions.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which matches the current value for 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Lakshmi Amman Nagar?

The Sri Lakshmi Amman Nagar area is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kathirvedu. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value helps establish a baseline for the transaction price. Buyers and sellers often refer to the guideline value to ensure that the sale price is in line with the registered values 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 1,500 per sq.ft as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 55 per sq.ft to Rs 1,500 per sq.ft in 2024, which represents an overall increase of 2,627%.

What are the other streets in Kathirvedu with their guideline values?

Other streets in Kathirvedu include Sri Lakshmi Nagar at Rs 1,800 per sq.ft, Srinivasa Nagar and Srinivasa Nagar Extn. at Rs 2,000 per sq.ft, and Sri Padmavathy Nagar, Sri Balaji Nagar, and Sri Balaji Nagar Extension at Rs 2,700 per sq.ft.

What fees are associated with buying property in Sri Lakshmi Amman Nagar?

When buying property in Sri Lakshmi Amman Nagar, buyers are required to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Lakshmi Amman Nagar?

The Sub Registrar Office covering Sri Lakshmi Amman Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.