Guideline Value for LAKSHMI AMMAN NAGAR

Lakshmi Amman Nagar guideline value

The current guideline value of Lakshmi Amman Nagar is Rs 201 per sq.ft, effective from 1 July 2024. This area is located in Ponneri village under the Ponneri SRO, classified as Residential Class III Type - I.

How the guideline value of Lakshmi Amman Nagar has changed

The guideline value for Lakshmi Amman Nagar has been consistent in recent revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also recorded the guideline value at Rs 201 per sq.ft, which remained unchanged into the 2024 revision.

From the 2023 to the 2024 revision, there was a change of +0%, keeping the guideline value steady at Rs 201 per sq.ft. This indicates that there has been no fluctuation in the guideline value for this street over the past two years.

Guideline values in Ponneri

In Ponneri, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft, with a median value of Rs 700 per sq.ft. Lakshmi Amman Nagar's 2024 figure is below this median.

• Lakshmi Amman Kovil Street: Rs 700 per sq.ft (2024)
• Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Kumaran Streeet / N.G.O.Nagar: Rs 700 per sq.ft (2024)
• Kumaran Nagar: Rs 700 per sq.ft (2024)
• Krishnaswami Mudali Street: Rs 1,200 per sq.ft (2024)
• Madhina Palli Vasal: Rs 1,200 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 201 per sq.ft, the total guideline value amounts to Rs 2,01,000. The stamp duty at 7% would be Rs 14,070, and the registration fee at 2% would be Rs 4,020, bringing the total charges to Rs 18,090. 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 details.

Which Sub Registrar Office covers Lakshmi Amman Nagar?

The Sub Registrar Office covering Lakshmi Amman Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponneri. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable duties. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Lakshmi Amman Nagar?

The current guideline value of Lakshmi Amman Nagar is Rs 201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Lakshmi Amman Nagar has remained at Rs 201 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Ponneri?

Other streets in Ponneri have varying guideline values. For example, Lakshmi Amman Kovil Street and Lakshmi Nagar both have a guideline value of Rs 700 per sq.ft in 2024.

How is stamp duty calculated for property in Lakshmi Amman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 18,090.

Where is the Sub Registrar Office for Lakshmi Amman Nagar located?

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