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Guideline Value

Corporate

Guideline Value for T.S. Lakshmanan 2nd Street

₹3300/sq.ft.

The guideline value for T.s. Lakshmanan 2nd Street in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Zaminpallavaram

Village

Pallavaram

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹690 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[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 T.s. Lakshmanan 2nd Street

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T.S. Lakshmanan 2nd Street guideline value

The current guideline value of T.S. Lakshmanan 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of T.S. Lakshmanan 2nd Street has changed

The guideline value for T.S. Lakshmanan 2nd Street has seen several revisions over the years. In 2003, the value was Rs 690 per sq.ft, and it increased to Rs 1,000 per sq.ft in 2007. The value then saw a significant rise to Rs 3,000 per sq.ft in 2012, followed by a decrease to Rs 2,010 per sq.ft in 2017. The most recent revisions show an increase to Rs 3,000 per sq.ft in 2023, and further to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 378%. The register has no figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 guideline value for T.S. Lakshmanan 2nd Street.

Stamp duty and registration fee for property in T.S. Lakshmanan 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.S. Lakshmanan 2nd Street?

The Sub Registrar Office that covers T.S. Lakshmanan 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the value of the property, which is necessary for calculating stamp duty and registration fees.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the fair value of the property. This is important for both the buyer and seller to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for T.S. Lakshmanan 2nd Street?

The current guideline value for T.S. Lakshmanan 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 690 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 378% over this period.

What is the registration office for T.S. Lakshmanan 2nd Street?

The registration office for T.S. Lakshmanan 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty rates applicable?

The stamp duty for properties in T.S. Lakshmanan 2nd Street is charged at 7% of the guideline value or the sale price, whichever is higher.

How many streets are there in Zaminpallavaram?

There are a total of 638 streets in Zaminpallavaram under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft.