Guideline Value for AATHI LAKSHMI NAGAR

Aathi Lakshmi Nagar guideline value

The current guideline value of Aathi Lakshmi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Venmanamputhur village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Aathi Lakshmi Nagar has changed

The guideline value for Aathi Lakshmi Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft, where it has remained through the 2024 revision, showing no change.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, when comparing the guideline value from 2012 to 2024, there has been no net change, maintaining the value at Rs 200 per sq.ft.

Guideline values in Venmanamputhur

In Venmanamputhur village, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. Aathi Lakshmi Nagar's 2024 figure aligns with this median.

• Annai Nagar: Rs 200 per sq.ft (2024)
• Arumuga Nagar / Annex: Rs 200 per sq.ft (2024)
• Asta Lakshmi Nagar: Rs 200 per sq.ft (2024)
• Bathel Nagar: Rs 200 per sq.ft (2024)
• Chelliyamman Nagar & Annex: Rs 200 per sq.ft (2024)
• Danraj Nagar(S.No.-273.274/1.2): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Aathi Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total fees Rs 18,000. 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 Aathi Lakshmi Nagar?

The Sub Registrar Office that covers Aathi Lakshmi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Venmanamputhur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value serves as a benchmark to assess the transaction's legitimacy and to prevent undervaluation. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Aathi Lakshmi Nagar?

The current guideline value of Aathi Lakshmi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023. There have been no changes in the 2024 revision.

What is the land classification of Aathi Lakshmi Nagar?

Aathi Lakshmi Nagar is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for Aathi Lakshmi Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. Fees are based on the higher of the guideline value or the sale price.

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

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. This office handles registrations for properties in Aathi Lakshmi Nagar.