Guideline Value for LAKSHMI GREEN CITY

Lakshmi Green City guideline value

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

How the guideline value of Lakshmi Green City has changed

In the 2017 revision, the guideline value for Lakshmi Green City was Rs 1,400 per sq.ft. This figure remained the same in the 2023 revision. However, with the latest revision in 2024, the guideline value increased to Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has seen a 10% increase. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Paruthipattu

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

• Lakshmi Garden: Rs 950 per sq.ft (2024)
• Lakshmi Green City Phase 1: Rs 1,540 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

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 amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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?

The Sub Registrar Office that covers Lakshmi Green City is the Avadi Sub Registrar Office, located at 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 critical factor when registering a property in Paruthipattu. It determines the minimum price at which a property can be sold or purchased, ensuring that the transactions are in line with the prevailing market conditions.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Lakshmi Green City?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 1,400 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, marking a 10% increase. There was no change from 2017 to 2023, as the figure remained the same.

What is the median guideline value in Paruthipattu?

The median guideline value in Paruthipattu is Rs 1,625 per sq.ft. The guideline value for Lakshmi Green City is below this median.

What are the stamp duty and registration fees for property in Lakshmi Green City?

For a property valued at 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, totaling Rs 1,38,600.

Which office handles registrations for Lakshmi Green City?

The Avadi Sub Registrar Office handles registrations for Lakshmi Green City. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.