Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sri Lakshmi Nagar 2nd Cross Lane

₹2200/sq.ft.

The guideline value for Sri Lakshmi Nagar 2nd Cross Lane in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹104 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹94 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Sri Lakshmi Nagar 2nd Cross Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Lakshmi Nagar 2nd Cross Lane guideline value

The current guideline value of Sri Lakshmi Nagar 2nd Cross Lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sri Lakshmi Nagar 2nd Cross Lane has changed

The guideline value for Sri Lakshmi Nagar 2nd Cross Lane has seen several revisions over the years. In 2002, the guideline value was Rs 94 per sq.ft, which increased to Rs 104 per sq.ft in 2003. Following this, the value rose significantly to Rs 350 per sq.ft in 2007, and then to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, before the latest increase to Rs 2,200 per sq.ft in 2024.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. The jump from 2017 to 2023 was a notable 49%. However, there was a decrease of 33% from 2012 to 2017. The increase from 2007 to 2012 was substantial at 471%, while the rise from 2003 to 2007 was 237%. From 2002 to 2003, the increase was 11%. Overall, from 2002 to 2024, the guideline value has increased by 2240%.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current value of Sri Lakshmi Nagar 2nd Cross Lane.

Stamp duty and registration fee for property in Sri Lakshmi Nagar 2nd Cross Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Lakshmi Nagar 2nd Cross Lane?

The Sub Registrar Office that covers Sri Lakshmi Nagar 2nd Cross Lane is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Nerkundram. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps to establish a fair and transparent transaction process. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar 2nd Cross Lane?

The current guideline value of Sri Lakshmi Nagar 2nd Cross Lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 94 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 2240% over this period.

What is the stamp duty for property in Sri Lakshmi Nagar 2nd Cross Lane?

The stamp duty for property in Sri Lakshmi Nagar 2nd Cross Lane is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Lakshmi Nagar 2nd Cross Lane located?

The Sub Registrar Office for Sri Lakshmi Nagar 2nd Cross Lane is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the guideline values for other streets in Nerkundram?

Other streets in Nerkundram have guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft, with the median being Rs 2,200 per sq.ft, which is the same as that of Sri Lakshmi Nagar 2nd Cross Lane.