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Guideline Value for T.S. Lakshmanan Nagar 2nd Street (Near Thiruneer Malai Road)

₹3300/sq.ft.

The guideline value for T.s. Lakshmanan Nagar 2nd 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 2nd Street (near Thiruneer Malai Road)

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T.S. Lakshmanan Nagar 2nd Street (Near Thiruneer Malai Road) guideline value

The current guideline value for T.S. Lakshmanan Nagar 2nd 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 2nd Street (Near Thiruneer Malai Road) has changed

The guideline value for T.S. Lakshmanan Nagar 2nd Street has undergone several revisions over the years. In 2003, the guideline value was Rs 146 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a rise of 311%. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a substantial increase of 400%. However, it decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value saw a notable increase to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 for T.S. Lakshmanan Nagar 2nd Street. Overall, from 2003 to 2024, the guideline value has increased by 2160%.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO with a 2024 guideline value 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 matches the current value for T.S. Lakshmanan Nagar 2nd Street.

Stamp duty and registration fee for property in T.S. Lakshmanan Nagar 2nd Street (Near Thiruneer Malai Road)

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. 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 T.S. Lakshmanan Nagar 2nd Street (Near Thiruneer Malai Road)?

The Sub Registrar Office that covers T.S. Lakshmanan Nagar 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 property transactions in Zaminpallavaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

Frequently asked questions

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

The current guideline value for T.S. Lakshmanan Nagar 2nd 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 significantly over the years, starting from Rs 146 per sq.ft in 2003 and reaching Rs 3,300 per sq.ft in 2024, which is an overall increase of 2160%.

What is the stamp duty rate applicable?

The stamp duty rate applicable for property transactions in T.S. Lakshmanan Nagar 2nd Street is 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for properties in this area?

The registration fee for properties in T.S. Lakshmanan Nagar 2nd Street is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for T.S. Lakshmanan Nagar 2nd Street?

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