Guideline Value for LAKSHMI AMMAN KOVIL STREET

Lakshmi Amman Kovil Street guideline value

The current guideline value of Lakshmi Amman Kovil Street is Rs 700 per sq.ft. This street is located in Ponneri_2 village, under the Ponneri SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Lakshmi Amman Kovil Street has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This value increased to Rs 700 per sq.ft in the 2023 revision, reflecting a 49% increase over the six-year period. The 2024 revision has maintained the guideline value at Rs 700 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for Lakshmi Amman Kovil Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with a median value of Rs 700 per sq.ft. Lakshmi Amman Kovil Street's 2024 figure is equal to this median.

• Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Kulakkarai Street: Rs 700 per sq.ft (2024)
• Lucky Star City: Rs 700 per sq.ft (2024)
• Krishnaswami Mudali Street: Rs 1,200 per sq.ft (2024)
• Madhavan Road / Nagar: Rs 702 per sq.ft (2024)
• Madhina Palli Vasal: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Amman Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Lakshmi Amman Kovil Street?

The Sub Registrar Office that covers Lakshmi Amman Kovil Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a critical factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When a property is registered, the guideline value is used to assess the applicable fees, which are calculated based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Lakshmi Amman Kovil Street?

The current guideline value of Lakshmi Amman Kovil Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 469 per sq.ft to Rs 700 per sq.ft in 2023 and 2024. There have been no figures recorded for the years 2002, 2003, 2007, and 2012.

What is the land classification for Lakshmi Amman Kovil Street?

Lakshmi Amman Kovil Street falls under the Residential Class II Type - I land classification, indicating its suitability for residential development.

What are the stamp duty rates applicable in Ponneri_2?

The stamp duty rate in Ponneri_2 is 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Lakshmi Amman Kovil Street?

The Sub Registrar Office for Lakshmi Amman Kovil Street is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all property registrations in the area.