Guideline Value for GAJA LAKSHMI NAGAR

Gaja Lakshmi Nagar guideline value

The current guideline value of Gaja Lakshmi Nagar, located in Kaivandoor village under the Tiruvallur Joint 1 SRO, is Rs 150 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Gaja Lakshmi Nagar has changed

Looking at the revisions over the years, the guideline value for Gaja Lakshmi Nagar was Rs 150 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision recorded a guideline value of Rs 100 per sq.ft, indicating a 50% increase from 2017 to 2023. The 2012 revision also had a guideline value of Rs 150 per sq.ft, showing a decrease of 33% from the previous value in 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 150 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaivandoor

In Kaivandoor, there are 9 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 120 to Rs 750 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which is equal to the guideline value of Gaja Lakshmi Nagar.

• Eswaran Nagar: Rs 150 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 150 per sq.ft (2024)
• R.K.Nagar Town Ship: Rs 120 per sq.ft (2024)
• S.V.S Nagar: Rs 120 per sq.ft (2024)
• Vijayalakshmi Avenue: Rs 750 per sq.ft (2024)
• Blooming Gardens Phase-II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Gaja Lakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gaja Lakshmi Nagar?

The Sub Registrar Office that covers Gaja 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 Kaivandoor

The guideline value is a crucial factor when buying or selling property in Kaivandoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value according to government standards.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction, based on the established guideline value for the area.

Frequently asked questions

What is the current guideline value of Gaja Lakshmi Nagar?

The current guideline value of Gaja Lakshmi Nagar is Rs 150 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 150 per sq.ft in both 2023 and 2024. It was Rs 100 per sq.ft in 2017, and Rs 150 per sq.ft in 2012, indicating fluctuations in the values over the years.

What are the other streets in Kaivandoor with their guideline values?

Other streets in Kaivandoor include Eswaran Nagar and Karpaga Vinayagar Nagar, both at Rs 150 per sq.ft, R.K.Nagar Town Ship and S.V.S Nagar at Rs 120 per sq.ft, Vijayalakshmi Avenue at Rs 750 per sq.ft, and Blooming Gardens Phase-II at Rs 500 per sq.ft for 2024.

What is the stamp duty for a property in Gaja Lakshmi Nagar?

The stamp duty for a property in Gaja Lakshmi Nagar is 7% of the guideline value. For a property valued at Rs 1,50,000, the stamp duty would amount to Rs 10,500.

Where can I find the Sub Registrar Office for Gaja Lakshmi Nagar?

The Sub Registrar Office for Gaja 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 more information about your SRO online.