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Guideline Value

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Guideline Value for Sri Lakshmi Nagar 2nd main Road

₹1200/sq.ft.

The guideline value for Sri Lakshmi Nagar 2nd Main Road in Venkatapuram village (Kunrathur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Main Road

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Sri Lakshmi Nagar 2nd main Road guideline value

The current guideline value of Sri Lakshmi Nagar 2nd main Road is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Lakshmi Nagar 2nd main Road has changed

Over the years, the guideline value for Sri Lakshmi Nagar 2nd main Road has seen several revisions. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in the 2017 revision. Following this, the guideline value increased to Rs 1,100 per sq.ft in the 2023 revision, and finally to Rs 1,200 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 1,200 per sq.ft, which is equal to the 2024 figure for Sri Lakshmi Nagar 2nd main Road.

Stamp duty and registration fee for property in Sri Lakshmi Nagar 2nd main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, resulting in a total of Rs 1,08,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Sri Lakshmi Nagar 2nd main Road?

The Sub Registrar Office covering Sri Lakshmi Nagar 2nd main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Venkatapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, both parties must consider the guideline value as it affects the overall cost of the transaction. It is essential to ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar 2nd main Road?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024. The changes reflect various increases and decreases over the years.

What is the land classification of Sri Lakshmi Nagar 2nd main Road?

Sri Lakshmi Nagar 2nd main Road is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the registration office for Sri Lakshmi Nagar 2nd main Road?

The registration office for Sri Lakshmi Nagar 2nd main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Sri Lakshmi Nagar 2nd main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7% and a registration fee of Rs 24,000 at 2%, totaling Rs 1,08,000.