Guideline Value for LAKSHMI GARDEN PART I

Lakshmi Garden Part I guideline value

The current guideline value of Lakshmi Garden Part I is Rs 3,732 per sq.ft. This area is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this region is Mixed Type - II.

How the guideline value of Lakshmi Garden Part I has changed

In the 2017 revision, the guideline value was set at Rs 2,500 per sq.ft. This marked a significant increase from the previous figure, which is not available for the years 2002, 2003, 2007, and 2012. The latest revision in 2023 brought the guideline value to Rs 3,732 per sq.ft, reflecting a 49% increase from the 2017 figure.

The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only recorded revisions are from 2017 and 2023, highlighting a notable change in the guideline value over these years.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. The guideline value of Lakshmi Garden Part I is set at Rs 3,732 per sq.ft. There are no other streets in Vandalur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Lakshmi Garden Part I

For a 1,000 sq.ft plot at the current guideline value of Rs 3,732 per sq.ft, the total guideline value amounts to Rs 37,32,000. The stamp duty, calculated at 7%, would be Rs 2,61,240, while the registration fee at 2% would be Rs 74,640. Together, the total cost for stamp duty and registration fee would be Rs 3,35,880. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmi Garden Part I?

The Sub Registrar Office that covers Lakshmi Garden Part I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the buyer must pay stamp duty based on the higher value between the guideline value and the sale price. 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 Garden Part I?

The current guideline value of Lakshmi Garden Part I is Rs 3,732 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2017 to Rs 3,732 per sq.ft in 2023, marking a 49% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2024 for this street.

What are the stamp duty and registration fees for properties in Lakshmi Garden Part I?

For a property valued at Rs 37,32,000, the stamp duty would be Rs 2,61,240 and the registration fee would be Rs 74,640, totaling Rs 3,35,880. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Lakshmi Garden Part I?

The Gooduvancheri Sub Registrar Office covers Lakshmi Garden Part I, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Vandalur with guideline values?

Currently, there are no other streets in Vandalur under the Gooduvancheri SRO listed with guideline values. The only available guideline value is for Lakshmi Garden Part I.