Guideline Value for LAKSHMI AMMAN NAGAR

Lakshmi Amman Nagar guideline value

The current guideline value of Lakshmi Amman Nagar is Rs 126 per sq.ft, effective from 1 July 2024. This area falls under Panaiancheri village and is classified as Residential Class III Type - II, governed by the Arani_Tiruvallur SRO.

How the guideline value of Lakshmi Amman Nagar has changed

The guideline value for Lakshmi Amman Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 126 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 84 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 50%, bringing the value up to Rs 126 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 50% as well, remaining consistent between the 2023 and 2024 revisions.

Guideline values in Panaiancheri

There are no specific village figures available for Panaiancheri. Lakshmi Amman Nagar is a notable street within this area, and currently, there are no other streets in Panaiancheri listed under the Arani_Tiruvallur SRO.

Stamp duty and registration fee for property in Lakshmi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty, charged at 7%, would be Rs 8,820, while the registration fee at 2% would be Rs 2,520. Together, the total cost for stamp duty and registration fee would be Rs 11,340. 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 Lakshmi Amman Nagar?

The Sub Registrar Office that covers Lakshmi Amman Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Panaiancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the authorities.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Lakshmi Amman Nagar?

The current guideline value of Lakshmi Amman Nagar is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 84 per sq.ft in 2017 to Rs 126 per sq.ft in 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for properties in Lakshmi Amman Nagar?

For a property valued at Rs 1,26,000, the stamp duty would be Rs 8,820 and the registration fee would be Rs 2,520, totaling Rs 11,340 for both fees.

Which Sub Registrar Office handles registrations for Lakshmi Amman Nagar?

The Arani_Tiruvallur Sub Registrar Office handles registrations for Lakshmi Amman Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

Are there other streets in Panaiancheri with guideline values?

Currently, there are no other streets in Panaiancheri listed under the Arani_Tiruvallur SRO with specific guideline values.