Guideline Value for LAKSHMI GANAPATHY NAGAR

Lakshmi Ganapathy Nagar guideline value

The current guideline value of Lakshmi Ganapathy Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Lakshmi Ganapathy Nagar has changed

The guideline value for Lakshmi Ganapathy Nagar has remained consistent at Rs 1,200 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to this, there are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the current guideline value of Rs 1,200 per sq.ft has been stable since the 2023 revision, which also recorded the same figure. The lack of figures for earlier revisions indicates that the guideline value for this street has not been updated in those years.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for Lakshmi Ganapathy Nagar is above this median, indicating its higher valuation compared to many other streets in the village.

• Lakshmi Nagar: Rs 701 per sq.ft (2024)
• Lalitha Nagar: Rs 800 per sq.ft (2024)
• Lingam Nagar: Rs 800 per sq.ft (2024)
• Lingam Nagar Extn: Rs 800 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 800 per sq.ft (2024)
• Krishna Nagar Extension: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Lakshmi Ganapathy Nagar?

The Sub Registrar Office that covers Lakshmi Ganapathy Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Karanaipuducheri, the guideline value is a critical factor in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a benchmark for property transactions.

During the registration process, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Lakshmi Ganapathy Nagar?

The current guideline value of Lakshmi Ganapathy Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions, showing no change. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Karanaipuducheri?

Other streets in Karanaipuducheri have varying guideline values, with rates ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value is Rs 802 per sq.ft, while Lakshmi Ganapathy Nagar's value is above this median.

How is stamp duty calculated for properties in Lakshmi Ganapathy Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at 7%.

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

The Sub Registrar Office for Lakshmi Ganapathy Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.