Guideline Value

Corporate

Guideline Value for Sri Lakshmi Nagar

₹1800/sq.ft.

The guideline value for Sri Lakshmi Nagar in Kathirvedu village (Ambattur SRO, Chennai zone) is Rs 1800 per sq.ft, effective 1 July 2024. It was Rs 1700 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kathirvedu

Village

Ambattur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1800 /sq.ft.
From 1-4-2023 ₹1700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1139 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹54 /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 Nagar

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Sri Lakshmi Nagar guideline value

The current guideline value of Sri Lakshmi Nagar, located in Kathirvedu village under the Ambattur SRO, is Rs 1,800 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Sri Lakshmi Nagar has changed

Over the years, the guideline value of Sri Lakshmi Nagar has seen significant changes. The earliest recorded value in 2002 was Rs 54 per sq.ft, which increased to Rs 100 per sq.ft in 2003, marking an increase of 85%. The value continued to rise, reaching Rs 500 per sq.ft in 2007, which was a substantial 400% increase from the previous revision. In 2012, the guideline value was Rs 1,700 per sq.ft, reflecting a 240% increase from 2007. However, this value decreased by 33% to Rs 1,139 per sq.ft in 2017. The value then increased to Rs 1,700 per sq.ft in 2023, before reaching the current guideline value of Rs 1,800 per sq.ft in 2024, which is a 6% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 3,233%. There are no figures available for the guideline value of Sri Lakshmi Nagar for the years not mentioned in the revisions.

Guideline values in Kathirvedu

Kathirvedu village has a total of 78 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Sri Lakshmi Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Sri Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. It is important to 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?

The Sub Registrar Office that covers Sri Lakshmi Nagar is 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 plays a crucial role when buying or selling property in Kathirvedu. It serves as a basis for calculating the stamp duty and registration fees that are required during the property registration process. Buyers and sellers must be aware of the guideline value to ensure they comply with the legal requirements for property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 54 per sq.ft in 2002 to Rs 1,800 per sq.ft in 2024, reflecting an overall increase of 3,233% over this period.

What is the median guideline value in Kathirvedu?

The median guideline value for streets in Kathirvedu is Rs 1,500 per sq.ft, with Sri Lakshmi Nagar's value being above this median.

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

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Where is the Sub Registrar Office for Sri Lakshmi Nagar located?

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