Guideline Value for LAKSHMI AMMAN NAGAR

Lakshmi Amman Nagar guideline value

The current guideline value of Lakshmi Amman Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Periyapalayam village under the Arani_Tiruvallur SRO, classified as Residential Class II Type - I.

How the guideline value of Lakshmi Amman Nagar has changed

According to the guideline value register, the figures for Lakshmi Amman Nagar have undergone several revisions. The 2017 revision set the value at Rs 167 per sq.ft, which increased by 50% to Rs 250 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 250 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Periyapalayam

In Periyapalayam, there are 31 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 160 to Rs 600 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of Lakshmi Amman Nagar is above this median.

• Madha Koil Street: Rs 160 per sq.ft (2024)
• Magakavi Bharathi Nagar: Rs 600 per sq.ft (2024)
• MA.PO.C.Nagar: Rs 160 per sq.ft (2024)
• Kavarai Street: Rs 600 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• M.G.R.Nagar: Rs 300 per sq.ft (2024)

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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total of Rs 22,500. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

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. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Periyapalayam. It is used to determine the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Lakshmi Amman Nagar?

The current guideline value of Lakshmi Amman Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both the 2023 and 2024 revisions, showing a 50% increase overall from 2017 to 2024.

Are there any years without a guideline value for Lakshmi Amman Nagar?

Yes, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Lakshmi Amman Nagar.

What is the stamp duty rate for property in Lakshmi Amman Nagar?

The stamp duty rate for property transactions in Lakshmi Amman Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

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