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Guideline Value for T.S. Lakshmanan Nagar 1st Street (Near Thiruneer Malai Road)

₹3300/sq.ft.

The guideline value for T.s. Lakshmanan Nagar 1st Street (near Thiruneer Malai Road) 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 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹146 /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 Nagar 1st Street (near Thiruneer Malai Road)

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T.S. Lakshmanan Nagar 1st Street (Near Thiruneer Malai Road) guideline value

The current guideline value of T.S. Lakshmanan Nagar 1st Street (Near Thiruneer Malai Road) 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 Nagar 1st Street (Near Thiruneer Malai Road) has changed

The guideline value for T.S. Lakshmanan Nagar 1st Street has seen several revisions over the years. In 2003, the value was Rs 146 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. The value then rose dramatically by 400% to Rs 3,000 per sq.ft in 2012. However, it decreased by 33% to Rs 2,010 per sq.ft in 2017. The value continued to rise, reaching Rs 3,000 per sq.ft in 2023, and then increased by 10% to the current value of Rs 3,300 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 2160%. The register has no figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 figure for T.S. Lakshmanan Nagar 1st Street.

Stamp duty and registration fee for property in T.S. Lakshmanan Nagar 1st Street (Near Thiruneer Malai Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be 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, totaling Rs 2,97,000. 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 details.

Which Sub Registrar Office covers T.S. Lakshmanan Nagar 1st Street (Near Thiruneer Malai Road)?

The T.S. Lakshmanan Nagar 1st Street is covered by 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 critical factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value of a property, ensuring that the government receives the appropriate stamp duty and registration fees based on this valuation.

When buying or selling property, the guideline value helps in establishing the legal value of the property, which is essential for both the buyer and seller. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of T.S. Lakshmanan Nagar 1st Street?

The current guideline value of T.S. Lakshmanan Nagar 1st Street (Near Thiruneer Malai Road) 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 146 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2160% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers T.S. Lakshmanan Nagar 1st Street?

The Pallavaram Sub Registrar Office covers T.S. Lakshmanan Nagar 1st Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for T.S. Lakshmanan Nagar 1st Street?

The land classification for T.S. Lakshmanan Nagar 1st Street is Residential Class I Type - II.