Guideline Value for Aadhi lakshmi Nagar

Aadhi lakshmi Nagar guideline value

The current guideline value of Aadhi lakshmi Nagar is Rs 1,655 per sq.ft, effective from 1 July 2024. This area is located in Anumanthaputhari village, under the Chengleput Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Aadhi lakshmi Nagar has changed

The guideline value for Aadhi lakshmi Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 375 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in 2012, marking a rise of 300%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, a decrease of 33%. The 2023 revision set the value at Rs 1,500 per sq.ft, which then increased to Rs 1,655 per sq.ft in the 2024 revision, reflecting a 10% rise.

It is important to note that there are no figures available for the years 2003 and 2002 in the register for this street. The changes from 2017 to 2023 represent a substantial increase of 49% in value.

Guideline values in Anumanthaputhari

Anumanthaputhari village has a range of guideline values across its streets. The median guideline value for the area in 2024 is Rs 3,025 per sq.ft, and Aadhi lakshmi Nagar's value of Rs 1,655 per sq.ft is below this median.

• Adhilakshmi Nagar: Rs 1,655 per sq.ft (2024)
• Anumanthaputheri Pillaiyar Koil St: Rs 3,025 per sq.ft (2024)
• Chengai Royal City: Rs 3,025 per sq.ft (2024)
• Nadutheru: Rs 3,025 per sq.ft (2024)
• Old Gst Road 1: Rs 3,025 per sq.ft (2024)
• Old Gst Road 2: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Aadhi lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,655 per sq.ft, the total guideline value amounts to Rs 16,55,000. The stamp duty at 7% would be Rs 1,15,850, and the registration fee at 2% would be Rs 33,100, leading to a total of Rs 1,48,950. 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 detailed calculations.

Which Sub Registrar Office covers Aadhi lakshmi Nagar?

The Sub Registrar Office that covers Aadhi lakshmi Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Anumanthaputhari. It serves as a benchmark for determining the minimum price at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and reflects the value of the property as per the government’s assessment.

Frequently asked questions

What is the current guideline value of Aadhi lakshmi Nagar?

The current guideline value of Aadhi lakshmi Nagar is Rs 1,655 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 375 per sq.ft in 2007 to Rs 1,655 per sq.ft in 2024, with various increases and decreases in between.

What are the stamp duty rates for properties in Aadhi lakshmi Nagar?

The stamp duty for properties in Aadhi lakshmi Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Aadhi lakshmi Nagar?

The Sub Registrar Office for Aadhi lakshmi Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value for Anumanthaputhari?

The median guideline value for Anumanthaputhari in 2024 is Rs 3,025 per sq.ft, with Aadhi lakshmi Nagar being below this median.