Guideline Value for LAKSHMI GREEN CITY PHASE 1

Lakshmi Green City Phase 1 guideline value

The current guideline value of Lakshmi Green City Phase 1 is Rs 1,540 per sq.ft, effective from 1 July 2024. This property is located in Paruthipattu village under the Avadi SRO, classified as Mixed Type - III.

How the guideline value of Lakshmi Green City Phase 1 has changed

In the 2017 revision, the guideline value was Rs 1,400 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,400 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,540 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, 2007, 2012.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for Lakshmi Green City Phase 1 is below this median.

• Lakshmi Green City: Rs 1,540 per sq.ft (2024)
• Lakshmi Garden: Rs 950 per sq.ft (2024)
• Lakshmi Main Road: Rs 990 per sq.ft (2024)
• Lakshmi Nagar 1st Street: Rs 950 per sq.ft (2024)
• Lakshmi Nagar, Govarthanagiri: Rs 1,625 per sq.ft (2024)
• Lakshmi Nagar Main Road: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Green City Phase 1

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total Rs 1,38,600. It is important to note that the 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 Green City Phase 1?

The Avadi Sub Registrar Office covers Lakshmi Green City Phase 1. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Paruthipattu. It serves as a benchmark for calculating the costs associated with property transactions.

When a property is registered, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Lakshmi Green City Phase 1?

The current guideline value for Lakshmi Green City Phase 1 is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2017 to Rs 1,400 in 2023, and then increased to Rs 1,540 in 2024, marking a 10% rise from 2023 to 2024.

What are the guideline values for other streets in Paruthipattu?

In Paruthipattu, other streets have varying guideline values, with Lakshmi Green City at Rs 1,540 per sq.ft, Lakshmi Garden at Rs 950 per sq.ft, and Lakshmi Nagar, Govarthanagiri at Rs 1,625 per sq.ft, among others.

What is the stamp duty for a property in Lakshmi Green City Phase 1?

The stamp duty for a property in Lakshmi Green City Phase 1 is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 1,07,800.

Where can I find the Sub Registrar Office for Lakshmi Green City Phase 1?

The Sub Registrar Office covering Lakshmi Green City Phase 1 is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.