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Guideline Value

Corporate

Guideline Value for Sri Lakshmi Hayagrevar Nagar

₹800/sq.ft.

The guideline value for Sri Lakshmi Hayagrevar Nagar in Arambakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 800 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Arambakkam

Village

Gooduvancheri

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹800 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹160 /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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Lakshmi Hayagrevar Nagar

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Sri Lakshmi Hayagrevar Nagar guideline value

The current guideline value of Sri Lakshmi Hayagrevar Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Arambakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Lakshmi Hayagrevar Nagar has changed

The guideline value for Sri Lakshmi Hayagrevar Nagar has seen several revisions over the years. In 2007, the value was Rs 160 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it dropped to Rs 536 per sq.ft in 2017 before rising again to Rs 800 per sq.ft in both 2023 and the upcoming 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The value remained unchanged from 2023 to 2024, indicating a 0% change. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of Sri Lakshmi Hayagrevar Nagar is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Lakshmi Hayagrevar Nagar?

The Sub Registrar Office that covers Sri Lakshmi Hayagrevar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arambakkam. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that all transactions are conducted fairly and transparently, in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

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

The current guideline value of Sri Lakshmi Hayagrevar Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and has remained at Rs 800 per sq.ft in 2023 and 2024.

What is the median guideline value in Arambakkam?

The median guideline value in Arambakkam for the year 2024 is Rs 600 per sq.ft, with Sri Lakshmi Hayagrevar Nagar's value being above this median.

What are the stamp duty and registration fees for property in Sri Lakshmi Hayagrevar Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles the registration for Sri Lakshmi Hayagrevar Nagar?

The Gooduvancheri Sub Registrar Office handles the registration for Sri Lakshmi Hayagrevar Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.