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

Guideline Value

Corporate

Guideline Value for Sri Lakshnmi Nagar 3 rd Main Road

₹3850/sq.ft.

The guideline value for Sri Lakshnmi Nagar 3 Rd Main Road in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /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)

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 Lakshnmi Nagar 3 Rd Main Road

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 Lakshnmi Nagar 3 rd Main Road guideline value

The current guideline value of Sri Lakshnmi Nagar 3 rd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Lakshnmi Nagar 3 rd Main Road has changed

The guideline value for Sri Lakshnmi Nagar 3 rd Main Road has seen several revisions over the years. The earliest recorded figure was Rs 500 per sq.ft in 2007. This value increased significantly to Rs 3,500 per sq.ft in both 2012 and 2023. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, marking a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2017 for this street. The overall increase from the 2007 revision to the 2024 revision is 670%, highlighting the substantial changes in the guideline value over the years.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, which is equal to the current value of Sri Lakshnmi Nagar 3 rd Main Road.

Stamp duty and registration fee for property in Sri Lakshnmi Nagar 3 rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total charges to Rs 3,46,500. 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 on fees applicable to your property transaction.

Which Sub Registrar Office covers Sri Lakshnmi Nagar 3 rd Main Road?

The Sri Lakshnmi Nagar 3 rd Main Road falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to ensure that the transaction reflects the current market conditions, helping to standardize property values across the region. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Sri Lakshnmi Nagar 3 rd Main Road?

The current guideline value of Sri Lakshnmi Nagar 3 rd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 670% over the years.

What is the stamp duty for property in Sri Lakshnmi Nagar 3 rd Main Road?

The stamp duty for property in Sri Lakshnmi Nagar 3 rd Main Road is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registration for Sri Lakshnmi Nagar 3 rd Main Road?

The Virugambakkam Sub Registrar Office handles property registration for Sri Lakshnmi Nagar 3 rd Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Sri Lakshnmi Nagar 3 rd Main Road?

Sri Lakshnmi Nagar 3 rd Main Road is classified as Residential Class II Type - I according to the guideline value register.